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 1,641,244 1,586,199 1,641,244 1,586,199 37.9 39.8 44.5 46.2 Japan Citadines Central Shinjuku Tokyo 1-2-9, Kabuki-cho, Shinjuku-ku, Tokyo 1600021 Freehold Not applicable Not applicable Not applicable 110,911 115,320 110,911 115,320 2.5 2.9 3.0 3.3 Citadines Karasuma-Gojo Kyoto 432 Matsuya-cho, Gojo-dori Karasuma-Higashiiru, Shimogyo-ku, Kyoto 600-8105 Freehold Not applicable Not applicable Not applicable 41,102 45,029 41,102 45,029 0.9 1.1 1.1 1.3 Citadines Shinjuku Tokyo 1-28-13 Shinjuku, Shinjuku-ku, Tokyo 1600022 Freehold Not applicable Not applicable Not applicable 82,672 86,649 82,672 86,649 1.9 2.2 2.2 2.5 Hotel WBF Honmachi(7) 4-4-10, Kitakyuhojimachi, Chuo-ku, Osaka 541-0057 Freehold Not applicable Not applicable Not applicable – 31,069 – 31,069 – 0.8 – 0.9 Hotel WBF Kitasemba East(7) 2-6-8, Awajicho, Chuo-ku, Osaka 541-0047 Freehold Not applicable Not applicable Not applicable – 31,886 – 31,886 – 0.8 – 0.9 Hotel WBF Kitasemba West(7) 3-2-7, Awajicho, Chuo-ku, Osaka 541-0047 Freehold Not applicable Not applicable Not applicable – 32,162 – 32,162 – 0.8 – 0.9 Sotetsu Grand Fresa Tokyo-Bay Ariake 3-6-6 Ariake Koto-ku, Tokyo 135-0063 Freehold Not applicable Not applicable Not applicable 261,240 273,896 261,240 273,896 6.0 6.9 7.1 7.9 Balance carried forward 2,137,169 2,202,210 2,137,169 2,202,210 49.2 55.3 57.9 63.9 (7) As at 31 December 2023, these three investment properties were reclassified to “Assets held for sale” (Note 15), pursuant to the divestment of these properties. 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 177
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