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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$71.6m in M&E equipment to enhance the building specifications to the requirement of the tenant. The lease on this property will commence in FY10/11 as it was undergoing user acceptence test by the tenant following the completion of its construction in Dec 09 The valuations for these properties were based on Direct Comparison Method, Capitalization Approach and Discounted Cash Flow Analysis 58 Ascendas real estate investment trust
Address Gross Income for FY09/10 (S$'000) Occupancy Rate as at 31 March 2010 (%) Major Tenants 31 Kaki Bukit Road 3 13,391 89.7 Federal Express Pacific Inc Starhub Ltd Areva T&D Pte Ltd 60 MacPherson Road 9,838 98.9 Siemens Pte Ltd Novacitynets Pte Ltd Risis Pte Ltd 8 Kallang Sector 6,215 100.0 Infineon Technologies Asia Pacific Pte Ltd 10 Ang Mo Kio Street 65 13,510 80.7 Schneider Electric South East Asia (HQ) Pte Ltd Jdsu T&M Singapore Pte Ltd Mediacorp Publishing Pte Ltd 190 MacPherson Road 3,952 100.0 Rsh Limited 150 Kampong Ampat 3,517 72.8 Cavu Corp Pte Ltd Comstor Pte Ltd Netstar Network Integration Singapore Pte Ltd 159 Kampong Ampat 2,046 100.0 Fci Asia Pte Ltd Foster Electric (Singapore) Pte Ltd Groz-Beckert Singapore Pte Ltd 38 Kim Chuan Road 9,337 100.0 Singapore Telecommunications Limited 1 Jalan Kilang Timor 7,046 96.3 Iss Facility Services Private Limited Amway (Singapore) Pte Ltd Vantage International Management Company Pte Ltd 1 Kaki Bukit View 13,816 91.9 Ibm International Holdings B.V. Bio-Rad Laboratories (Singapore) Pte Ltd Electro Scientific Industries Singapore Pte Ltd 1 Jalan Kilang 2,149 90.2 Transtel Engineering Pte Ltd Ingraphix Creative Services Pte Ltd Aptuit (S) Private Limited 30 Tampines Industrial 1,803 100.0 Mbe Technology Pte Ltd Avenue 3 50 Kallang Avenue 4,075 85.0 New Creation Church Avnet Azure Pte Ltd Nu Horizons Electronics Asia Pte Ltd 138 Depot Road 6,678 100.0 Hewlett-Packard Singapore (Private) Limited 2 Changi South Lane 2,021 100.0 Flextronics Plastics (Singapore) Pte Ltd 9 Serangoon North Avenue 5 2,264 100.0 Veritas Geophysical (Asia Pacific) Pte Ltd 38A Kim Chuan Road - - Singapore Telecommunications Limited 101,658 93.3 8th Annual Report FY09/10 59
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8th Annual Report FY09/10 C H A N G
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Changing Times... The implosion of
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About A-REIT Ascendas Real Estate I
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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 and 56: GROSS RENTAL INCOME BY TENANT’S I
Page 57 and 58: Address Gross Income for FY09/10 (S
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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
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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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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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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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