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 695,612 744,026 695,612 744,026 16.1 18.6 18.9 21.6 France (continued) Citadines Les Halles Paris(2) 4 rue des Innocents, 75001 Paris Freehold Not applicable Not applicable Not applicable 81,592 82,239 81,592 82,239 2.0 2.2 2.2 2.4 Citadines Maine Montparnasse Paris(2) 67 avenue du Maine, 75014 Paris Freehold Not applicable Not applicable Not applicable 22,705 17,163 22,705 17,163 0.5 0.4 0.6 0.5 Citadines Montmartre Paris(2) 16 avenue Rachel, 75018 Paris Freehold Not applicable Not applicable Not applicable 34,131 33,332 34,131 33,332 0.8 0.8 0.9 1.0 Citadines Place d’ltalie Paris(2) 18 place d’ltalie, 75013 Paris Freehold Not applicable Not applicable Not applicable 51,563 49,360 51,563 49,360 1.2 1.2 1.4 1.4 Citadines Prado Chanot Marseille(2)(3) 9-11 boulevard de Louvain, 13008 Marseille Freehold Not applicable Not applicable Not applicable – 8,964 – 8,964 – 0.2 – 0.3 Balance carried forward 885,603 935,084 885,603 935,084 20.6 23.4 24.0 27.2 (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 174 CAPITALAND ASCOTT TRUST
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