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 885,603 935,084 885,603 935,084 20.6 23.4 24.0 27.2 France (continued) Citadines Presqu’île Lyon(2) 2 rue Thomassin, 69002 Lyon Freehold Not applicable Not applicable Not applicable 18,604 18,014 18,604 18,014 0.4 0.5 0.5 0.5 Citadines République Paris(2) 75 bis, avenue Parmentier, 75011 Paris Freehold Not applicable Not applicable Not applicable 25,049 21,276 25,049 21,276 0.6 0.5 0.7 0.6 Citadines Tour Eiffel Paris(2) 132 boulevard de Grenelle, 75015 Paris Freehold Not applicable Not applicable Not applicable 66,709 61,218 66,709 61,218 1.5 1.5 1.8 1.8 Citadines Trocadéro Paris(2) 29 bis, rue Saint-Didier, 75116 Paris Freehold Not applicable Not applicable Not applicable 47,871 45,729 47,871 45,729 1.1 1.2 1.3 1.3 La Clef Louvre Paris(2) 8 rue de Richelieu, 75001 Paris Freehold Not applicable Not applicable Not applicable 53,145 44,637 53,145 44,637 1.2 1.1 1.4 1.3 La Clef Tour Eiffel Paris(2)(4) 83 avenue Kléber, 75016 Paris Freehold Not applicable Not applicable Not applicable 145,656 147,797 145,656 147,797 3.3 3.7 3.9 4.3 Balance carried forward 1,242,637 1,273,755 1,242,637 1,273,755 28.7 31.9 33.6 37.0 (2) As at 31 December 2023, these 16 (31 December 2022: 20) investment properties are leased to related corporations under master lease arrangements. (4) On 30 November 2022, the CapitaLand Ascott REIT Group acquired La Clef Tour Eiffel Paris from Ascott Holdings (Europe) N.V., 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 Overview Sustainability & Governance Leadership Portfolio & Performance Financial Statements and Other Information ANNUAL REPORT 2023 175
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