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 674,884 691,261 674,884 691,261 15.7 17.3 18.3 20.0 France Citadines Antigone Montpellier(2) 588 boulevard d’Antigone, 34000 Montpellier Freehold Not applicable Not applicable Not applicable 10,620 12,482 10,620 12,482 0.2 0.3 0.3 0.4 Citadines Austerlitz Paris(2) 27 rue Esquirol, 75013 Paris Freehold Not applicable Not applicable Not applicable 10,108 10,496 10,108 10,496 0.2 0.3 0.3 0.3 Citadines Castellane Marseille(2)(3) 60 rue du Rouet, 13006 Marseille Freehold Not applicable Not applicable Not applicable – 9,787 – 9,787 – 0.2 – 0.3 Citadines City Centre Lille(2)(3) Avenue Willy Brandt – Euralille, 59777 Lille Freehold Not applicable Not applicable Not applicable – 12,624 – 12,624 – 0.3 – 0.4 Citadines Croisette Cannes(2)(3) 1 rue le Poussin, 06400 Cannes Freehold Not applicable Not applicable Not applicable – 7,376 – 7,376 – 0.2 – 0.2 Balance carried forward 695,612 744,026 695,612 744,026 16.1 18.6 18.9 21.6 (2) As at 31 December 2023, these 16 (31 December 2022: 20) investment properties are leased to related corporations under master lease arrangements. (3) In March 2023, these four investment properties were reclassified to "Assets held for sale" (Note 15), pursuant to the planned divestment of these properties to Extendam, an unrelated corporation, which was entered into on 3 April 2023 and completed on 22 September 2023. The accompanying notes form an integral part of these financial statements. PORTFOLIO STATEMENTS As at 31 December 2023 Overview Sustainability & Governance Leadership Portfolio & Performance Financial Statements and Other Information ANNUAL REPORT 2023 173
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