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Hi-Tech Industrial 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)
18 Techlink 19 Nov 02 69.8 99.7 48,007 34,557
19 Siemens Center 12 Mar 04 65.8 89.4 36,529 27,781
20 Infineon Building 01 Dec 04 50.9 66.8 27,278 27,278
21 Techpoint 01 Dec 04 75.0 114.8 56,107 42,120
22 Wisma Gulab 01 Dec 04 55.7 59.6 15,557 11,821
23 KA Centre 02 Mar 05 19.2 26.1 19,638 13,555
24 KA Place 02 Mar 05 11.1 11.8 10,163 6,652
25 Kim Chuan
02 Mar 05 100.0 123.5 35,456 25,129
Telecommunications
Complex
26 Pacific Tech Centre 01 Jul 05 62.0 75.4 25,718 19,639
27 Techview 05 Oct 05 76.0 98.7 50,985 39,000
28 1 Jalan Kilang 27 Oct 05 18.7 19.5 7,158 6,083
29 30 Tampines Industrial 15 Nov 05 22.0 24.0 9,593 9,593
Avenue 3
30 50 Kallang Avenue 27 Feb 06 28.6 33.6 18,584 14,246
31 138 Depot Road 15 Mar 06 42.3 60.7 29,626 26,485
32 2 Changi South Lane 01 Feb 07 30.0 31.6 26,300 20,939
33 CGG Veritas Hub 25 Mar 08 18.3 17.9 9,797 8,671
34 38A Kim Chuan Road* 11 Dec 09 170.0 171.6 32,885 32,885
Total (Hi-Tech Industrial Properties) 915.4 1,124.7 459,381 366,434
Notes:
* Property was valued by independent valuer at S$176.0m. A-REIT has recorded the value of the property at S$171.6m comprising S$100m in land and building and S$71.6m in
M&E equipment to enhance the building specifications to the requirement of the tenant. The lease on this property will commence in FY10/11 as it was undergoing user acceptence
test by the tenant following the completion of its construction in Dec 09
The valuations for these properties were based on Direct Comparison Method, Capitalization Approach and Discounted Cash Flow Analysis
58 Ascendas real estate investment trust