74
Ascott Residence Trust
Annual Report 2015
Japan
Ascott Reit has four freehold serviced residences and
29 freehold rental housing properties in Japan. The
79-unit Somerset Azabu East Tokyo, 160-unit Citadines
Shinjuku Tokyo and the 206-unit Citadines Central
Shinjuku Tokyo have prime locations in central Tokyo
with easy access to business and leisure districts. The
124-unit Citadines Karasuma-Gojo Kyoto enjoys a
premium address next to the Gojo subway station and
is close to entertainment, retail and food and beverage
outlets. 19 of the rental housing properties are centrally
located in nine wards within Tokyo: Minato, Bunkyo,
Meguro, Nakano, Nerima, Setagaya, Shinjuku, Suginami
and Taito. The other 10 rental housing properties are
located across four cities of Osaka, Fukuoka, Sapporo
and Hiroshima. The rental housing properties are
conveniently located close to public transportation,
supermarkets and other lifestyle amenities.
The average length of stay at the serviced residence
properties in Japan is more than one month.
Properties
33
Units
2,595
Total Revenue (2015)
S$58.4 million
Total Gross Profit (2015)
S$34.2 million
Valuation as at
31 December 2015
S$690.3 million
Citadines Central Shinjuku Tokyo
Operations Review
