Ongoing Redevelopments ▲ Artist’s impression 27 IBP, Singapore 27 IBP is a business space property located in International Business Park. The plot ratio will be maximised, resulting in an additional GFA of approximately 12,000 sqm (total GFA of 24,641 sqm post redevelopment). The new building, designed to achieve the highest BCA Green Mark Platinum accolade, will include facilities such as a gym, skydeck, food court and end-of-trip facilities to complement the government’s strategy for a car-lite nation. 27 IBP will benefit from enhanced accessibility via the future Jurong Regional Line and enjoy greater vibrancy with its proximity to the Jurong Lake District, which is envisioned to be the largest commercial and regional centre in Singapore outside of the CBD. Along with the AEI completed at Nordic European Centre in January 2019, this redevelopment is part of the Manager’s transformation plan to rejuvenate its portfolio of assets within International Business Park. Estimated development cost: S$136.0 million Estimated completion date: 1H 2026 ▲ Artist’s impression Logis Hub @ Clementi, Singapore Well served by two major expressways (AYE and PIE), the property provides easy connectivity to the Port of Singapore and Tuas Second Link. The redevelopment will transform the existing four-storey cargo lift warehouse into a modern seven-storey ramp up logistics property. Its plot ratio will be intensified to achieve a GFA increase of approximately 122% or 32,315 sqm (total GFA of 58,820 sqm post redevelopment). Notable features include 106 loading bays, power provision for cold storage and large contiguous floor plates with ceiling heights of up to 12 metres. When completed, this prime logistics property is targeted to achieve BCA Green Mark GoldPLUS certification. Estimated development cost: S$136.2 million Estimated completion date: 1Q 2028 The Manager’s Review of FY 2025 CapitaLand Ascendas REIT 28
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