126
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
3,404,965 2,864,966 155.5 136.0
France
(continued)
Citadines Didot Montparnasse
Paris
(10) (11)
94 rue Didot,
75014 Paris
Freehold 18 years
3 years
4 years
21,126 21,027
1.0
1.0
Citadines Les Halles Paris
(10)
4 rue des Innocents,
75001 Paris
Freehold
Not
applicable
Not
applicable
Not
applicable
92,979 99,740
4.2
4.7
United Kingdom
Citadines Barbican London
7-21 Goswell Road, London
EC1M 7AH
Freehold
Not
applicable
Not
applicable
Not
applicable
80,844 75,351
3.7
3.6
Citadines Trafalgar Square
London
18-21 Northumberland Avenue,
London WC2N 5EA
Freehold
Not
applicable
Not
applicable
Not
applicable
199,366 186,035
9.1
8.8
Citadines South Kensington
London
35A Gloucester Road,
London SW7 4PL
Freehold
Not
applicable
Not
applicable
Not
applicable
86,133 76,334
3.9
3.6
Citadines Holborn-Covent
Garden London
94-99 High Holborn,
London WC1V 6LF
Freehold
Not
applicable
Not
applicable
Not
applicable
186,486 172,265
8.5
8.2
Belgium
Citadines Sainte-Catherine
Brussels
51 Quai au Bois à Brûler
1000 Brussels
Freehold
Not
applicable
Not
applicable
Not
applicable
28,530 28,688
1.3
1.4
Citadines Toison d’Or Brussels
61-63 Avenue de la Toison d’Or,
1060 Brussels
Freehold
Not
applicable
Not
applicable
Not
applicable
27,049 27,724
1.3
1.3
Balance carried forward
4,127,478 3,552,130 188.5 168.6
(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.
