(Constituted in the Republic of Singapore
pursuant to a trust deed dated 9 October 2002 (as amended))
Revaluation of Ascendas Reit's Properties
Pursuant to Rule 703 of the SGX-ST Listing Manual, the Board of Directors of Ascendas Funds Management (S) Limited, the Manager of Ascendas Real Estate Investment Trust (Ascendas Reit) is pleased to announce that CBRE Pte Ltd (CBRE), Colliers International Consultancy & Valuation (Singapore) Pte Ltd (Colliers), Knight Frank Pte Ltd (Knight Frank) and Savills Valuation And Professional Services (S) Pte Ltd (Savills), Cushman & Wakefield VHS Pte Ltd (C&W), Edmund Tie & Company (SEA) Pte Ltd (ETC), Knight Frank NSW Valuations & Advisory Pty Ltd (Knight Frank (Aus)), Cushman & Wakefield Western, Inc. (C&W (US)), CBRE, Inc. (CBRE, Inc.), Jones Lang LaSalle Limited (JLL (UK)), Newmark Knight Frank Valuation & Advisory, LLC (NKF) have completed their respective independent annual revaluation for the properties in Ascendas Reit's portfolio.
The total investment property value of Ascendas Reit's portfolio was S$16,293.7 million(1) as at 31 December 2021. This comprised of S$9,933.1 million (61%) of investment properties in Singapore, S$2,319.0 million (14%) in Australia, S$2,281.5 million (14%) in the United States and S$1,760.1 million (11%) in the United Kingdom/Europe.
These valuations (details are attached in Annex A) will be reflected in the financial statements of Ascendas Reit for the financial year ended 31 December 2021.
The valuation reports are available for inspection by prior appointment at the Manager's registered office (2) during business hours for a period of 3 months from today.
1
By Order of the Board
Ascendas Funds Management (S) Limited (Company Registration No. 200201987K)
As Manager of Ascendas Real Estate Investment Trust
Michelle Koh
Company Secretary
8 February 2022
Notes:
- Excludes investment properties under development as at 31 December 2021.
- 168 Robinson Road, #30-01 Capital Tower, Singapore 068912.
2
Annex A
Singapore
No. | Property Name | Valuer | Market Value (SGD | ||||||||
million) | |||||||||||
Business and Science Park Properties | 5,003.3 | ||||||||||
One-north | 1,617.0 | ||||||||||
1 | Neuros & Immunos | Knight Frank | 143.0 | ||||||||
2 | Nexus @ one-north | Knight Frank | 202.8 | ||||||||
3 | Nucleos | Knight Frank | 346.1 | ||||||||
4 | Galaxis | Knight Frank | 733.6 | ||||||||
5 | Grab Headquarters | Knight Frank | 191.5 | ||||||||
International Business Park | 431.2 | ||||||||||
6 | Techquest | Knight Frank | 24.9 | ||||||||
7 | Acer Building | Knight Frank | 79.1 | ||||||||
8 | 31 International Business Park | Knight Frank | 206.1 | ||||||||
9 | Nordic European Centre | Knight Frank | 121.1 | ||||||||
Changi Business Park | 1,349.2 | ||||||||||
17 Changi Business Park | |||||||||||
Central 1 (formerly Honeywell | Knight Frank | 62.4 | |||||||||
10 | Building) | ||||||||||
1 Changi Business Park | Knight Frank | 57.2 | |||||||||
11 | Avenue 1 | ||||||||||
12 | Hansapoint | Knight Frank | 112.7 | ||||||||
1, 3, 5 Changi Business Park | Knight Frank | 337.8 | |||||||||
13 | Crescent | ||||||||||
14 | DBS Asia Hub | Knight Frank | 206.0 | ||||||||
15 | 3 Changi Business Park Vista | Knight Frank | 70.7 | ||||||||
16 | ONE@Changi City | Knight Frank | 502.4 | ||||||||
Singapore Science Park I | 796.6 | ||||||||||
17 | The Rutherford & Oasis | Colliers | 100.0 | ||||||||
18 | Cintech I | Colliers | 58.6 | ||||||||
19 | Cintech II | Colliers | 49.0 | ||||||||
20 | Cintech III & IV | Colliers | 125.0 | ||||||||
21 | 12, 14, 16 Science Park Drive | Colliers | 464.0 | ||||||||
Singapore Science Park II | 809.3 | ||||||||||
22 | The Alpha | Colliers | 90.0 | ||||||||
23 | The Aries, Sparkle & Gemini | Colliers | 214.0 | ||||||||
24 | The Capricorn | Colliers | 123.0 | ||||||||
25 | The Galen | Colliers | 150.0 | ||||||||
26 | The Kendall | Colliers | 134.0 | ||||||||
27 | FM Global Centre | Colliers | 98.3 |
3
No. | Property Name | Valuer | Market Value | ||||||||
(SGD million) | |||||||||||
Integrated Development, Amenities & Retail Properties | 714.8 | ||||||||||
28 | Courts Megastore | CBRE | 59.6 | ||||||||
29 | Giant Hypermart | CBRE | 75.2 | ||||||||
30 | Aperia | CBRE | 580.0 | ||||||||
High-Specifications Industrial Properties | 1,574.1 | ||||||||||
31 | Techlink | Savills | 127.0 | ||||||||
32 | 10 Toh Guan Road | Savills | 119.2 | ||||||||
33 | Siemens Centre | Savills | 108.7 | ||||||||
34 | Infineon Building | Savills | 93.2 | ||||||||
35 | Techpoint | Savills | 150.5 | ||||||||
36 | KA Centre | Savills | 52.6 | ||||||||
37 | KA Place | Savills | 22.7 | ||||||||
38 | Pacific Tech Centre | Savills | 88.5 | ||||||||
39 | Techview | Savills | 166.9 | ||||||||
40 | 1 Jalan Kilang | Savills | 24.3 | ||||||||
41 | 30 Tampines Industrial Avenue | Savills | 33.4 | ||||||||
3 | |||||||||||
42 | 31 Ubi Road 1 | Savills | 30.0 | ||||||||
43 | Schneider Electric Building | Savills | 91.5 | ||||||||
44 | 138 Depot Road | Savills | 75.3 | ||||||||
45 | 2 Changi South Lane | Savills | 38.2 | ||||||||
46 | CGG Veritas Hub | Savills | 15.3 | ||||||||
47 | Corporation Place | Savills | 124.5 | ||||||||
48 | 80 Bendemeer Road | Savills | 212.3 | ||||||||
Data Centres | 552.2 | ||||||||||
49 | Telepark | Savills | 272.5 | ||||||||
50 | Kim Chuan | Savills | 149.9 | ||||||||
Telecommunications Complex | |||||||||||
51 | 38A Kim Chuan Road | Savills | 129.8 | ||||||||
Light Industrial Properties | 568.5 | ||||||||||
52 | Osim Headquarters | C&W | 39.0 | ||||||||
53 | 12 Woodlands Loop | C&W | 28.6 | ||||||||
54 | 247 Alexandra Road | C&W | 71.1 | ||||||||
55 | 5 Tai Seng Drive | C&W | 21.0 | ||||||||
56 | 35 Tampines Street 92 | C&W | 12.7 | ||||||||
57 | 53 Serangoon North Avenue 4 | C&W | 21.0 | ||||||||
58 | 3 Tai Seng Drive | C&W | 18.8 | ||||||||
59 | 52 Serangoon North Avenue 4 | C&W | 22.8 | ||||||||
60 | Tampines Biz-Hub | C&W | 20.5 | ||||||||
61 | Hoya Building | C&W | 8.5 | ||||||||
62 | 37A Tampines Street 92 | C&W | 21.0 | ||||||||
63 | Hamilton Sundstrand Building | C&W | 42.6 |
4
No. | Property Name | Valuer | Market Value | ||||||||||
(SGD million) | |||||||||||||
64 | Thales Building (I & II) | C&W | 12.9 | ||||||||||
65 | Ubi Biz-Hub | C&W | 18.6 | ||||||||||
66 | 2 Senoko South Road | C&W | 40.2 | ||||||||||
67 | 18 | Woodlands Loop | C&W | 33.0 | |||||||||
68 | 9 Woodlands Terrace | C&W | 5.2 | ||||||||||
69 | 11 | Woodlands Terrace | C&W | 4.7 | |||||||||
70 | FoodAxis @ Senoko | C&W | 93.0 | ||||||||||
71 | 31 | Joo Koon Circle | C&W | 33.3 | |||||||||
Flatted Factories | 333.4 | ||||||||||||
72 | Techplace I | C&W | 143.4 | ||||||||||
73 | Techplace II | C&W | 190.0 | ||||||||||
Logistics & Distribution Centres | 1,186.8 | ||||||||||||
74 | 20 | Tuas Avenue 1 | ETC | 88.3 | |||||||||
75 | LogisTech | ETC | 63.1 | ||||||||||
76 | Changi Logistics Centre | ETC | 73.4 | ||||||||||
77 | 4 Changi South Lane | ETC | 26.6 | ||||||||||
78 | 40 Penjuru Lane | ETC | 231.3 | ||||||||||
79 | Xilin Districentre A & B | ETC | 37.9 | ||||||||||
80 | 20 | Tuas Avenue 6 | ETC | 7.9 | |||||||||
81 | Xilin Districentre D | ETC | 29.5 | ||||||||||
82 | 9 Changi South Street 3 | ETC | 45.3 | ||||||||||
83 | 5 Toh Guan Road East | ETC | 29.1 | ||||||||||
84 | Xilin Districentre C | ETC | 29.4 | ||||||||||
85 | 19 & 21 Pandan Avenue | ETC | 124.0 | ||||||||||
86 | 1 Changi South Lane | ETC | 34.4 | ||||||||||
87 | Logis Hub @ Clementi | ETC | 27.0 | ||||||||||
88 | 21 | Jalan Buroh | ETC | 63.1 | |||||||||
89 | 21 | Changi South Avenue 2 | ETC | 22.0 | |||||||||
90 | 15 | Changi North Way | ETC | 47.1 | |||||||||
91 | Pioneer Hub | ETC | 122.0 | ||||||||||
92 | 71 Alps Avenue | ETC | 23.7 | ||||||||||
93 | 90 Alps Avenue | ETC | 61.7 | ||||||||||
Total Singapore | 9,933.1 | ||||||||||||
5
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Ascendas Real Estate Investment Trust published this content on 08 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 February 2022 09:31:01 UTC.