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Business & Science Park Properties Property Acquisition/ Completion Date Purchase Price/ Development Cost (S$’m) Book Value/ Valuation as at 31 March 10 (S$’m) Gross Floor Area (sqm) Net Lettable Area (sqm) 1 The Alpha 19 Nov 02 52.3 96.8 28,533 21,654 2 The Aries 19 Nov 02 39.4 52.1 14,695 13,459 3 The Capricorn 19 Nov 02 71.8 104.9 28,602 21,659 4 The Gemini 19 Nov 02 72.9 99.9 32,629 27,842 5 Honeywell Building 19 Nov 02 32.8 57.7 18,123 14,681 6 Ultro Building 30 Oct 03 18.0 38.3 11,450 10,127 7 Telepark 02 Mar 05 186.0 234.8 40,555 24,635 8 Techquest 05 Oct 05 7.5 21.1 7,920 6,545 9 PSB Science Park Building 10 13 International Business Park 18 Nov 05 35.0 64.5 32,013 21,689 10 Oct 06 20.0 26.8 10,116 7,164 11 iQuest @ IBP 12 Jan 07 18.6 31.5 12,143 9,126 12 HansaPoint @ CBP 22 Jan 08 26.1 81.4 19,448 17,310 13 Acer Building 19 Mar 08 75.0 76.4 29,185 22,571 14 Science Hub & Rutherford 26 Mar 08 51.5 60.5 26,283 21,479 15 31 International 26 Jun 08 246.8 218.0 61,720 50,286 Business Park 16 1 & 3 Changi Business 16 Feb 09 & 166.1 179.4 53,638 44,371 Park Crescent 25 Sep 09 17 DBS Asia Hub* 31 Mar 10 116.0 117.7 32,774 32,104 Vendor: Ascendas (Tuas) Pte Ltd Total (Business & Science Park Properties) 1,235.8 1,561.8 459,827 366,702 Notes: * Property has no contribution to gross income for FY09/10 as it was acquired on the last day of the financial year. The valuations for these properties were based on Direct Comparison Method, Capitalization Approach and Discounted Cash Flow Analysis 54 Ascendas real estate investment trust
Address Gross Income for FY09/10 (S$'000) Occupancy Rate as at 31 March 2010 (%) Major Tenants 10 Science Park Road 9,167 88.7 F J Benjamin (S) Pte Ltd Maccine Pte Ltd National Starch & Chemical (Singapore) Pte Ltd 51 Science Park Road 4,195 99.1 MCI Worldcom Asia Pte Ltd Teradyne S'pore Ltd Denso International S'pore Pte Ltd 1 Science Park Road 9,465 95.6 ESEC Singapore Pte Ltd Merlion Pharmaceuticals Pte Ltd 41 Science Park Road 9,467 92.3 International Flavor & Fragrances (APAC) Pte Ltd A-Bio Pharma Pte Ltd Rikevita (Singapore) Pte Ltd 17 Changi Business Park Central 1 6,866 98.4 Honeywell Pte Ltd Pall Filtration Pte Ltd 1 Changi Business Park 2,600 100.0 Ultro Technologies Ltd Avenue 1 5 Tampines Central 6 17,482 99.9 Singappore Telecommunications Ltd DBS Bank Ltd 7 International Business Park 2,006 91.6 Inventec Technology Singapore Pte Ltd YKK AP Singapore Pte Ltd Crocs Asia Pte Ltd 1 Science Park Drive 3,492 100.0 TUV SUD PSB Pte Ltd 13 International Business Park 27 International Business Park 10 Changi Business Park Central 2 29 International Business Park 87/89 Science Park Drive 31 International Business Park 1 & 3 Changi Business Park Crescent 2 Changi Business Park Crescent 2,546 100.0 Cambridge Solutions Pte Ltd TUV SUD PSB Pte Ltd IMS Health Asia Pte Ltd 3,386 87.1 Oracle Financial Services Software Pte Ltd National University of Singapore Bio Rad Laboratories (Singapore) 8,570 100.0 Credit Suisse Citco Fund Services (Singapore) Pte Ltd Rohde & Schwarz Systems & Comms Asia Pte Ltd 8,458 86.5 Jacobs Engineering Pte Ltd JGC Singapore Pte Ltd Logica Singapore Pte Ltd 5,692 71.2 Avaya Singapore Pte Ltd Docomo Intertouch Pte Ltd Hewitt HR Delivery Services Pte Ltd 14,702 100.0 Creative Techonology Centre Pte Ltd 6,860 52.8 Citibank N.A Optimum Solutions (S) Pte Ltd - 100.0 DBS Bank Ltd 114,954 89.7 8th Annual Report FY09/10 55
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8th Annual Report FY09/10 C H A N G
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Changing Times... The implosion of
Page 5 and 6: About A-REIT Ascendas Real Estate I
Page 7 and 8: A-REIT’s Competitive Edge Operati
Page 9 and 10: oct 09 7 19 A-REIT was voted the Wi
Page 11 and 12: NUMBER OF PROPERTIES IN PORTFOLIO 9
Page 13 and 14: A-REIT Unit Price Performance FY09/
Page 15 and 16: 8th Annual Report FY09/10 13
Page 17 and 18: capital structure. A-REIT issued a
Page 19 and 20: 董事会主席献辞变迁
Page 21 and 22: 在这个举步维艰的时
Page 23 and 24: Portfolio organic growth of 2.9% wa
Page 25 and 26: was in view of the significant amou
Page 27 and 28: S$’000 FY09/10 FY08/09 FY07/08 FY
Page 29 and 30: Sector Revaluation Gain / (Loss) @
Page 31 and 32: land lease expiry for A-REIT’s po
Page 33 and 34: Area due for renewal (‘000sf) Ave
Page 37 and 38: 5 6 7 8 5 Mr Koh Soo Keong Independ
Page 39 and 40: Tan Ser Ping Executive Director Chi
Page 41 and 42: 13 Kathryn Chew 14 Chan Lai Kuan 15
Page 43 and 44: UNITHOLDERS ASCENDAS FUNDS MANAGEME
Page 45 and 46: formulate and implement effective m
Page 49 and 50: North South MRT Line East West MRT
Page 51 and 52: Hi-Tech Industrial Properties High
Page 53 and 54: LOGISTICS & DISTRIBUTION CENTRES Wa
Page 55: GROSS RENTAL INCOME BY TENANT’S I
Page 59 and 60: GROSS RENTAL INCOME BY TENANT’S I
Page 61 and 62: Address Gross Income for FY09/10 (S
Page 77 and 78: seen since 2003 1 , significantly h
Page 79 and 80: user high-specs industrial market i
Page 81 and 82: to S$1.87 per sq ft, while rents fo
Page 83 and 84: manufacturers anticipates a more fa
Page 87 and 88: the chance to take part in intercom
Page 89 and 90: A-REIT was voted Singapore’s 8 th
Page 93 and 94: A-REIT is externally managed by the
Page 95 and 96: Executive Committee The Executive C
Page 97 and 98: Trading Of A-REIT’s Units In gene
Page 99 and 100: Dealing With INTERESTED Party Trans
Page 101 and 102: FINANCIAL CONTENTS 100 Report of th
Page 103 and 104: Statement by the Manager In the opi
Page 105 and 106: Opinion In our opinion, the financi
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Statement of Total Return Year ende
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Statement of Movements in Unitholde
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Investment Properties Portfolio Sta
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Cash Flow Statement Year ended 31 M
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Notes to the financial statements (
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Notes to the financial statements F
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STATISTICS OF UNITHOLDINGS Issued a
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ADDItional information Interested p
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ADDItional information Historical s
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HOW TO CONTACT US To find out more
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Ascendas Real Estate Investment Tru
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