14
Ascott Residence Trust
Annual Report 2015
Value Creation
Growth by Acquisition
As part of its value creation strategy, Ascott Residence
Trust (Ascott Reit or the Manager) explores investment
opportunities globally to enhance the quality of its
portfolio. Our primary investment focus is on serviced
residences, rental housing and other hospitality assets.
As part of our plan to grow a geographically diversified
portfolio, our acquisition strategies are set out as
follows:
Acquisition of assets owned wholly or in part by
Ascott
Ascott Reit has been granted a right of first refusal
in respect of, inter alia, the future sale by any Ascott
entity of properties that are used or predominantly used
as serviced residences or rental housing properties
in the Asian Pacific region and Europe. The Ascott
Limited (Ascott or the Sponsor) supports Ascott
Reit’s acquisition strategy by acquiring, retaining and
enhancing assets with good income and growth
potential, with the view of subsequently divesting the
assets to Ascott Reit at an appropriate time.
Acquisit ion of Ascot t ’s proper t ies under
development
A number of the Sponsor’s properties are currently under
development. Upon completion, they offer a pipeline of
potential targets for acquisition by Ascott Reit.
Acquisition of assets currently managed and/or
leased but not owned by Ascott
In addition to managing Ascott Reit’s portfolio, the
Sponsor also operates and/or manages serviced
residences owned by third parties. These assets are
complementary to Ascott Reit’s current portfolio. We will
leverage on the Sponsor’s knowledge and relationships
with the owners of these properties to acquire these
assets should such opportunities become available.
Active Asset
Management
Growth by
Acquisition
Capital
and Risk
Management
Actively managing
Ascott Reit’s property
portfolio to maximise
returns from the
property portfolio
Selectively acquiring
properties that
meet the Manager’s
investment criteria
Proactively employing
appropriate capital financing
and hedging strategies to
manage interest rates and
foreign exchange rates risks