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Additional information
(2)
an acquisition fee of 1.0% of the purchase price of investment property acquired by the Trustee on behalf of
A-REIT.
(3)
Development management fee, not exceeding 3.0% of the total project cost incurred in development projects
undertaken by A-REIT. In cases where the market pricing for comparables services is materially lower, the
Manager will reduce the development management fees to less than 3.0%. In addition, when the estimated
total project cost is greater than $100.0 million, the Trustee and the Manager’s independent directors will first
review and approve the quantum of the development management fee.
Please also see Significant Related Party Transactions in Note 26 to the financial statements.
Except as disclosed above, there were no additional related party transactions (excluding transactions of less than
$100,000 each) entered into up to and including 31 March 2010.
Confirmation in writing was obtained from Singapore Exchange Limited (“SGX”) that Rule 905 and 906 are not applicable
if such related party transactions are made on the basis of, and in accordance with, the terms and conditions set out in
the A-REIT prospectus dated 5 November 2002 and therefore would not be subjected to Audit Committee approval.
Listing of A-REIT new units
An aggregate of 187.7 million new Units were issued during the year bringing the total number of A-REIT units on issue
to 1,871.2 million as at 31 March 2010.
162 Ascendas real estate investment trust