Ascendas REIT - Annual Report 2021

The Manager’s Review of FY2021 COMPLETED ACQUISITIONS AND REDEVELOPMENT (POST-FY2021) 500 GREEN ROAD, BRISBANE, AUSTRALIA 500 Green Road was developed by Goodman Property Services (Aust) Pty Limited and the land was acquired from the custodian for GAI2 Crestmead Trust, the trustee of which is Goodman Funds Management Australia Limited. The property is well located along Brisbane’s south corridor, Crestmead, and is known for being an established hub for interstate, intrastate and metropolitan distribution. It is well designed to accommodate a flexible and highly efficient layout to cater to warehouse sizes from 9,000 sq m to 38,000 sq m with high ceiling, electric roller doors, wide awning coupled with full LED lighting and rooftop solar panels. The property is expected to achieved a 5-star Green Star Design & As-Built rating. Purchase Consideration: S$69.1 million Acquisition date: 11 February 2022 7 KIORA CRESCENT, SYDNEY, AUSTRALIA 7 Kiora Crescent was developed by and acquired from Larapinta Project Pty Ltd. The property is designed to be a functional and efficient logistics warehouse for a wide range of users. It sits on freehold land of approximately 26,632 sq m and has an approximate NLA of 13,100 sq m. The property is well located in the established inner-western Sydney industrial precinct of Yennora, an area that enjoys renewed growth given its proximity to central western Sydney and the trend towards last mile logistics. Purchase Consideration: S$21.1 million Acquisition date: 24 February 2022 Ascendas Reit 44