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 3,367,788 3,487,328 3,720,376 3,826,255 77.5 87.8 100.7 111.0 Singapore (continued) Somerset Liang Court Property Singapore (under development) 177B River Valley Road, Singapore 179032 Leasehold 99 years 97 years 98 years 268,000 257,000 268,000 257,000 6.2 6.5 7.3 7.5 Spain Citadines Ramblas Barcelona Ramblas 122, 08002 Barcelona Freehold Not applicable Not applicable Not applicable 71,332 53,200 71,332 53,200 1.6 1.3 1.9 1.5 United Kingdom Citadines Barbican London 7-21 Goswell Road, London EC1M 7AH Freehold Not applicable Not applicable Not applicable 84,835 69,655 84,835 69,655 1.9 1.8 2.3 2.0 Citadines Holborn-Covent Garden London 94-99 High Holborn, London WC1V 6LF Freehold Not applicable Not applicable Not applicable 165,257 155,990 165,257 155,990 3.8 3.9 4.5 4.5 Citadines South Kensington London 35A Gloucester Road, London SW7 4PL Freehold Not applicable Not applicable Not applicable 76,060 71,108 76,060 71,108 1.7 1.8 2.1 2.1 Citadines Trafalgar Square London 18/21 Northumberland Avenue, London WC2N 5EA Freehold Not applicable Not applicable Not applicable 192,702 164,628 192,702 164,628 4.4 4.2 5.2 4.8 The Cavendish London(15) 81 Jermyn St, St. James’s, London SW1Y 6JF Leasehold 150 years 135 years – 366,269 – 366,269 – 8.4 – 9.9 – Balance carried forward 4,592,243 4,258,909 4,944,831 4,597,836 105.5 107.3 133.9 133.4 (15) On 30 November 2023, the CapitaLand Ascott REIT Group acquired The Cavendish London from Ascott (Jersey) Limited, a related corporation. The valuation was based on discounted cashflow method. The accompanying notes form an integral part of these financial statements. PORTFOLIO STATEMENTS As at 31 December 2023 182 CAPITALAND ASCOTT TRUST
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