Ascendas REIT - Annual Report 2021

Light Industrial Properties and Flatted Factories S I N G A P O R E Property Acquisition/ Completion Date Purchase Price*/ Development Cost (S$ million) Valuation + as at 31 December 2021 (S$ million) Light Industrial Properties 53 Osim Headquarters** 20 Jun 03 35.0 39.0 54 12 Woodlands Loop 29 Jul 04 24.8 28.6 55 247 Alexandra Road 01 Dec 04 44.8 71.1 56 5 Tai Seng Drive 01 Dec 04 15.3 21.0 57 35 Tampines Street 92 01 Dec 04 9.4 12.7 58 53 Serangoon North Avenue 4 27 Dec 04 14.0 21.0 59 3 Tai Seng Drive 01 Apr 05 19.5 18.8 60 27 Ubi Road 4^ 01 Apr 05 12.6 – 61 52 Serangoon North Avenue 4 04 Apr 05 14.0 22.8 62 25 Ubi Road 4^ 16 May 05 9.0 – 63 Tampines Biz-Hub 05 Oct 05 16.8 20.5 64 Hoya Building # 05 Oct 05 5.3 8.5 65 37A Tampines Street 92 01 Dec 05 12.3 21.0 66 Hamilton Sundstrand Building # 09 Dec 05 31.0 42.6 67 Thales Building ( I & II ) # 03 Jan 06 20 Mar 08 5.8 12.9 68 Ubi Biz-Hub 27 Mar 06 13.2 18.6 69 2 Senoko South Road 08 Jan 07 33.5 40.2 70 18 Woodlands Loop 01 Feb 07 17.2 33.0 71 9 Woodlands Terrace 01 Feb 07 1.9 5.2 72 11 Woodlands Terrace 01 Feb 07 1.9 4.7 73 FoodAxis @ Senoko^^ 15 May 07 16 Feb 12 57.8 93.0 74 31 Joo Koon Circle 30 Mar 10 15.0 33.3 Total (Light Industrial Properties) 410.10 568.5 Flatted Factories 75 TechPlace I # 19 Nov 02 105.3 143.4 76 TechPlace II # 19 Nov 02 128.9 190.0 Total (Flatted Factories) 234.2 333.4 Total (Light Industrial Properties and Flatted Factories) 644.3 901.9 Notes: * Purchase Price excludes transaction cost associated with the purchase of the property. ** As at 31 December 2021, these properties recorded a depreciation on revaluation against their corresponding values as at 31 December 2020 due to changing market conditions. + The valuation for these properties were based on Capitalisation Approach and Discounted Cash Flow Analysis ++ Includes gross rental income, car park income and other income. # Acquired from the Sponsor. ^ As at 31 December 2021, 25 Ubi Road 4 and 27 Ubi Road 4were decommissioned for redevelopment into a single high-specifications property. ^^ FoodAxis @ Senoko was first acquired on 15 May 2007 for S$11.2 million and was subsequently redeveloped to maximise the allowable plot ratio. The redevelopment was completed on 16 February 2012. Properties with BCA Green Mark Certifications. For more details, please refer to www.ascendas-reit.com/en/sustainability/green-buildings.html Ascendas Reit 80