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 2,137,169 2,202,210 2,137,169 2,202,210 49.2 55.3 57.9 63.9 Japan (continued) Actus Hakata V-Tower 3-15-10 Hakata Ekimae, Hakata-ku, Fukuoka Freehold Not applicable Not applicable Not applicable 40,268 41,347 40,268 41,347 0.9 1.0 1.1 1.2 Alpha Square Kita 15 jo 2-5, Kita 15 jo Higashi 1-chome, Higashi-ku, Sapporoshi, Hokkaido Freehold Not applicable Not applicable Not applicable 21,832 24,324 21,832 24,324 0.5 0.6 0.6 0.7 Big Palace Kita 14 jo 4-1-6 Kita 14 jo Nishi, Kita-ku, Sapporo-shi, Hokkaido Freehold Not applicable Not applicable Not applicable 17,634 18,703 17,634 18,703 0.4 0.5 0.5 0.5 Big Palace Minami 5 jo 3-1, Minami 5 jo Nishi 8-chome, Chuo-ku, Sapporo-shi, Hokkaido Freehold Not applicable Not applicable Not applicable 23,605 25,550 23,605 25,550 0.5 0.6 0.6 0.7 City Court Kita 1 jo 6-3 Kita 1 jo Higashi 1-chome, Chuo-ku, Sapporo-shi, Hokkaido Freehold Not applicable Not applicable Not applicable 23,467 26,572 23,467 26,572 0.5 0.7 0.6 0.8 Eslead College Gate Kindaimae(8) 19-28, 3-chome Kowakae, Higashiosake-shi, Osaka 577-0818 Freehold Not applicable Not applicable Not applicable 16,745 18,007 16,745 18,007 0.4 0.5 0.5 0.5 Eslead Residence Bentencho Grande(9) 15-44, Benten 5-chome, Minato-ku, Osaka-shi, Osaka Freehold Not applicable Not applicable Not applicable 18,473 20,185 18,473 20,185 0.4 0.5 0.5 0.6 Balance carried forward 2,299,193 2,376,898 2,299,193 2,376,898 52.8 59.7 62.3 68.9 (8) On 18 March 2022, the CapitaLand Ascott REIT Group acquired Eslead College Gate Kindaimae from Eslead Corporation, an unrelated third party. The valuation was based on discounted cash flow method. (9) On 16 December 2022, the CapitaLand Ascott REIT Group acquired Eslead Residence Bentencho Grande from Eslead Corporation, an unrelated third party. 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 178 CAPITALAND ASCOTT TRUST
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