127
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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
4,127,478 3,552,130 188.5 168.6
Germany
Citadines Kurfürstendamm
Berlin
(10)
Olivaer Platz 1, 10707
Berlin-Wilmersdorf
Freehold
Not
applicable
Not
applicable
Not
applicable
15,721 20,573
0.7
1.0
Citadines Arnulfpark Munich
(10)
Arnulfstrasse 51,
80636 München
Freehold
Not
applicable
Not
applicable
Not
applicable
33,239 31,265
1.5
1.5
Madison Hamburg
Schaarsteinweg 4,
20459 Hamburg
Freehold
Not
applicable
Not
applicable
Not
applicable
61,836 67,438
2.8
3.2
Spain
Citadines Ramblas Barcelona
Ramblas 122,
08002 Barcelona
Freehold
Not
applicable
Not
applicable
Not
applicable
51,437 52,630
2.4
2.5
Portfolio of serviced residence properties
4,289,711 3,724,036 195.9 176.8
Other assets and liabilities (net)
(1,621,135) (1,370,800)
(74.0)
(65.1)
Net assets of Group
2,668,576 2,353,236 121.9 111.7
Perpetual securities
(397,094)
(149,351)
(18.2)
(7.1)
Non-controlling interests
(81,768)
(97,807)
(3.7)
(4.6)
Unitholders’ funds
2,189,714 2,106,078 100.0 100.0
(10)
As at 31 December 2015, these 20 serviced residence properties are leased to related corporations under master lease arrangements.
The accompanying notes form an integral part of these financial statements.
