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Ascott Residence Trust
Annual Report 2015
Operations Review
Ascott Reit owns a leasehold and four freehold
serviced residences in Australia. The 380-unit Citadines
on Bourke Melbourne is situated in the heart of
Melbourne’s Central Business District, close to the
Parliament House and 101 Collins Street while the
85-unit Citadines St Georges Terrace Perth is
conveniently located in Perth’s Central Business District,
along St Georges Terrace. The 140-unit Quest Sydney
Olympic Park is a 99-year leasehold property located in
the heart of Sydney Olympic Park, near ANZ Stadium
and Allphones Arena, a large entertainment and
sporting complex. The 81-unit Quest Campbelltown
is well located in south-west Sydney’s urban hub,
an established residential, commercial and industrial
area with numerous restaurants near the property while
the 91-unit Quest Mascot is a five-minute drive from
Sydney Airport.
The average length of stay at our properties in Australia
is less than one month.
Properties
5
Units
777
Total Revenue (2015)
S$22.1 million
Total Gross Profit (2015)
S$13.0 million
Valuation as at
31 December 2015
S$276.1 million
Australia
Citadines on Bourke Melbourne
