Completed Redevelopments and AEIs in FY 2025 Property Location Total Cost (S$ million) Completion Date Redevelopments 407.6 1 Science Park Drive (34% stake) Singapore 300.2 3 Mar 2025 5 Toh Guan Road East Singapore 107.4 18 Sep 2025 AEIs 28.6 Perimeter Two Raleigh, US 1.1 31 Jan 2025 80 Bendemeer Road Singapore 3.5 17 Feb 2025 Perimeter One Raleigh, US 1.3 30 Sep 2025 Aperia Singapore 22.7 29 Oct 2025 Total 436.2 Ongoing Projects (as at end of FY 2025) Property Location Estimated Total Cost (S$ million) Estimated Completion Date Acquisitions under Development 444.9 Summerville Logistics Center1 Charleston, US 94.8 1Q 2026 Manton Wood2 East Midlands, UK 87.2 1H 2027 Towcester3 East Midlands, UK 262.9 2H 2028 Redevelopments 272.2 27 IBP Singapore 136.0 1H 2026 Logis Hub @ Clementi Singapore 136.2 1Q 2028 AEIs 13.2 5005 & 5010 Wateridge San Diego, US 11.2 2H 2026 Nexus @one-north Singapore 2.0 2Q 2026 Total 730.3 1 The land was acquired from Summerville Logistics Center Owner (SC), LLC., which is indirectly wholly-owned by PTLI Summerville Member, LLC, which will be developing the property. The valuation of the land on which Summerville Logistics Center would be developed on as at 28 August 2024 is S$8.5 million on a 100% basis. The valuation was commissioned by the Manager and the Trustee, and was carried out by CBRE Valuation & Advisory Services using the land sales comparison approach. 2 The land was acquired from DHL Real Estate (UK) Limited. The valuation of the land at Manton Wood, on which a logistics property would be developed on as at 3 June 2025 is S$22.9 million. The valuation was commissioned by the Manager and the Trustee, and was carried out by Cushman & Wakefield Debenham Tie Leung Limited using the residual method. 3 The land was acquired from DHL Real Estate (UK) Limited. The valuation of the land at Towcester, on which three logistics properties would be developed on as at 3 June 2025 is S$81.9 million. The valuation was commissioned by the Manager and the Trustee, and was carried out by Cushman & Wakefield Debenham Tie Leung Limited using the residual method. This is inclusive of the acquisition of a plot of land in the vicinity of (but not adjacent to) the plot of land at Towester, which is acquired to satisfy a biodiversity net gain condition in the planning permission. The Manager’s Review of FY 2025 CapitaLand Ascendas REIT 22
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