BY GEOGRAPHY
(continued)
Group
(continued)
Description of Property
Location
Tenure of
Land
Term of
Lease
Balance brought forward
Germany
Citadines Kurfürstendamm Berlin
(7)
Olivaer Platz 1, 10707
Berlin-Wilmersdorf
Freehold Not applicable
Citadines Arnulfpark Munich
(7)
Arnulfstrasse 51, 80636
München
Freehold Not applicable
Madison Hamburg
Schaarsteinweg 4, 20459
Hamburg
Freehold Not applicable
Spain
Citadines Ramblas Barcelona
Ramblas 122, 08002 Barcelona
Freehold Not applicable
Portfolio of serviced residence properties and rental housing properties
Other assets and liabilities (net)
Net assets of Group
Perpetual securities holders
Non-controlling interests
Unitholders’ funds
(7)
As at 31 December 2014, these 20 serviced residence properties are leased to related corporations of the Manager under
master lease arrangements.
No secondary segment has been presented as the Group invests predominantly in serviced
residence properties and rental housing properties.
On 31 December 2014, Somerset Liang Court Property Singapore, Citadines Mount Sophia Property
Singapore, Ascott Raffles Place Singapore, Citadines St Georges Terrace Perth, Ascott Guangzhou,
Somerset Xu Hui Shanghai, Somerset Olympic Tower Property Tianjin, Citadines Biyun Shanghai,
Citadines Xinghai Suzhou, Somerset Heping Shenyang, Somerset Grand Central Dalian, Citadines
Gaoxin Xi’an, Citadines Zhuankou Wuhan, Somerset Azabu East Tokyo, Citadines Shinjuku Tokyo,
Citadines Karasuma-Gojo Kyoto, Roppongi Residences Tokyo, Zenith Residences, Actus Hakata
V-Tower, Big Palace Kita 14jo, Grand Mire Miyamachi, Grand Mire Shintera, Gravis Court
Kakomachi, Gravis Court Kokutaiji, Gravis Court Nishiharaekimae, Grand E’terna Saga, Grand
E’terna Saga Idaidori, Grand E’terna Nijojomae, Grand E’terna Chioninmae, Infini Garden, Best
Western Shinjuku Astina Hotel, Somerset Ampang Kuala Lumpur, Somerset Grand Hanoi, Somerset
Chancellor Court Ho Chi Minh City, Somerset Ho Chi Minh City and Citadines Suites Louvre Paris
were pledged as securities to banks for banking facilities granted to certain subsidiaries (Note 15).
The accompanying notes form an integral part of these financial statements.
Portfolio Statements
As at 31 December 2014
116 | Ascott Residence Trust Annual Report 2014
