121
Overview
Sustainability
Business
Review
Portfolio
Details
Corporate
Governance &
Transparency
Financials &
Additional
Information
Ascott Residence Trust
Annual Report 2015
Portfolio Statements
As at 31 December 2015
By Geography
(continued)
Group
(continued)
Description of Property
Location
Tenure of
Land
Term of
Lease
Remaining
Term of Lease
At Valuation
Percentage of
Unitholders’ funds
2015
2014
2015
$’000
2014
$’000
2015
%
2014
%
Balance brought forward
2,027,726 1,814,509
92.6 86.1
Japan
(continued)
Grand E’terna Saga
(3)
1167-3, Ipponmatsu, Honjo,
Honjomachi, Saga
Freehold
Not
applicable
–
Not
applicable
–
9,726
–
0.5
Grand E’terna Saga Idaidori
(3)
4-3-4, Nabeshima,
Saga
Freehold
Not
applicable
–
Not
applicable
–
3,411
–
0.2
Gravis E’terna Nijojomae
(3)
469-2, Taruyacho, Nakagyo-ku,
Kyoto
Freehold
Not
applicable
–
Not
applicable
–
7,474
–
0.3
Grand E’terna Chioninmae
(3)
577-3, Inaricho, Minamigumi,
Higashiyama-ku,
Kyoto
Freehold
Not
applicable
–
Not
applicable
–
4,880
–
0.2
Infini Garden
(5)
3-2-2,3,4,5 KashiiTeriha,
Higashi-ku, Fukuoka
Freehold
Not
applicable
Not
applicable
Not
applicable
75,502 72,195
3.5
3.4
Citadines Central Shinjuku
(formerly known as
Best Western Shinjuku
Astina Hotel)
(8)
1-2-9, Kabuki-cho, Shinjuku-ku,
Tokyo
Freehold
Not
applicable
Not
applicable
Not
applicable
111,326 91,353
5.1
4.3
Balance carried forward
2,214,554 2,003,548 101.2 95.0
(3)
On 30 September 2015, the Group completed the sale of the trust beneficiary interest of six rental housing properties to Samty Co., Ltd, an unrelated third party. The valuations were based on the direct
capitalisation method.
(5)
On 20 March 2014, the Group completed the acquisition of a rental housing property in Japan from a related corporation and an unrelated third party. The valuation was based on the discounted cash flow
approach.
(8)
On 16 October 2014, the Group acquired Citadines Central Shinjuku (formerly known as Best Western Shinjuku Astina Hotel) from an unrelated third party, Kabushiki Kaisha Oumi. The valuation was based
on the discounted cash flow approach.
The accompanying notes form an integral part of these financial statements.
