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 % % % % Balance brought forward 502,374 490,502 502,374 490,502 11.7 12.3 13.6 14.2 China (continued) Somerset Grand Central Dalian No. 128-2 Jinma Road, Dalian Development Area, Dalian 116600 Leasehold 50 years 33 years 34 years 69,308 80,520 69,308 80,520 1.6 2.0 1.9 2.3 Somerset Heping Shenyang 80 Taiyuan North Street, Heping District, Shenyang 110000 Leasehold 40 years 23 years 24 years 51,835 60,604 51,835 60,604 1.2 1.5 1.4 1.8 Somerset Olympic Tower Property Tianjin 126 Chengdu Road, Heping District, Tianjin 300051 Leasehold 70 years 39 years 40 years 51,367 59,635 51,367 59,635 1.2 1.5 1.4 1.7 Balance carried forward 674,884 691,261 674,884 691,261 15.7 17.3 18.3 20.0 The accompanying notes form an integral part of these financial statements. PORTFOLIO STATEMENTS As at 31 December 2023 172 CAPITALAND ASCOTT TRUST
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