125
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
3,312,584 2,765,193 151.3 131.2
France
(continued)
Citadines Antigone
Montpellier
(10)
588 boulevard d’Antigone,
34000 Montpellier
Freehold
Not
applicable
Not
applicable
Not
applicable
13,924 14,304
0.6
0.7
Citadines Castellane
Marseille
(10) (11)
60 rue du Rouet,
13006 Marseille
Freehold 20 years
4 years
5 years
10,032 10,141
0.5
0.5
Citadines Austerlitz Paris
(10) (11)
27 rue Esquirol,
75013 Paris
Freehold 20 years
4 years
5 years
9,882
9,963
0.4
0.5
Citadines République Paris
(10) (11)
75 bis, avenue Parmentier,
75011 Paris
Freehold 20 years
4 years
5 years
20,812 22,388
0.9
1.1
Citadines Maine
Montparnasse Paris
(10) (11)
67 avenue du Maine,
75014 Paris
Freehold 20 years
4 years
5 years
23,058 26,227
1.1
1.2
Citadines Prado Chanot
Marseille
(10)
9-11 boulevard de Louvain,
13008 Marseille
Freehold
Not
applicable
Not
applicable
Not
applicable
8,534
9,801
0.4
0.5
Citadines Croisette Cannes
(10)
1 rue le Poussin,
06400 Cannes
Freehold
Not
applicable
Not
applicable
Not
applicable
6,139
6,949
0.3
0.3
Balance carried forward
3,404,965 2,864,966 155.5 136.0
(10)
As at 31 December 2015, these 20 serviced residence properties are leased to related corporations under master lease arrangements.
(11)
As at 31 December 2015, these five freehold serviced residence properties in France are leased by the Group under finance lease arrangements.
The accompanying notes form an integral part of these financial statements.
