BY GEOGRAPHY At Valuation Percentage of Stapled Securityholders’ funds Description of Property Location Tenure of Land Term of Lease Remaining Term of Lease Stapled Group CapitaLand Ascott REIT Group Stapled Group CapitaLand Ascott REIT Group 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 $’000 $’000 $’000 $’000 % % % % Investment properties and investment properties under development Australia Citadines Connect Sydney Airport 113-121 Baxter Road, Mascot, New South Wales, NSW 2020 Freehold Not applicable Not applicable Not applicable 54,418 54,476 54,418 54,476 1.2 1.4 1.5 1.6 Citadines on Bourke Melbourne 131-135 Bourke Street, Melbourne, Victoria 3000 Freehold Not applicable Not applicable Not applicable 152,176 152,050 152,176 152,050 3.5 3.8 4.1 4.4 Citadines St Georges Terrace Perth 185 St Georges Terrace, Perth WA 6000 Freehold Not applicable Not applicable Not applicable 16,397 16,350 16,397 16,350 0.4 0.4 0.4 0.5 Quest Campbelltown 1 Rennie Road, Woodbine, NSW 2560 Freehold Not applicable Not applicable Not applicable 20,641 21,107 20,641 21,107 0.5 0.5 0.6 0.6 Quest Cannon Hill(1) 930 Wynnum Road, Cannon Hill, Brisbane, Queensland 4170 Freehold Not applicable Not applicable Not applicable 28,418 28,348 28,418 28,348 0.7 0.7 0.8 0.8 Quest Macquarie Park 71 Epping Road, Macquarie Park, NSW 2113 Freehold Not applicable Not applicable Not applicable 40,001 40,030 40,001 40,030 0.9 1.0 1.1 1.2 Quest Mascot 108-114 Robey Road, Mascot, NSW 2020 Freehold Not applicable Not applicable Not applicable 23,475 23,347 23,475 23,347 0.5 0.6 0.6 0.7 Quest Sydney Olympic Park 6 Edwin Flack Avenue, Sydney Olympic Park, NSW 2127 Leasehold 99 years 88 years 89 years 41,388 40,541 41,388 40,541 1.0 1.0 1.1 1.2 Balance carried forward 376,914 376,249 376,914 376,249 8.7 9.4 10.2 11.0 (1) On 30 November 2022, the CapitaLand Ascott REIT Group acquired Quest Cannon Hill from Balsamine (Brisbane) Pty Ltd, a related corporation. The valuation was based on discounted cash flow method. The accompanying notes form an integral part of these financial statements. PORTFOLIO STATEMENTS As at 31 December 2023 170 CAPITALAND ASCOTT TRUST
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