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 6,769,017 6,489,340 6,766,182 6,461,681 155.5 163.6 183.1 187.4 Freehold land and buildings of the CapitaLand Ascott BT Group Australia Courtyard by Marriott Sydney- North Ryde(19) 7-11 Talavera Road, North Ryde, NSW 2113 Freehold Not applicable Not applicable Not applicable – 48,946 – – – 1.2 – – Novotel Sydney Central 169-179 Thomas Street, Sydney, NSW 2000 Freehold Not applicable Not applicable Not applicable 145,560 144,847 – – 3.3 3.7 – – Novotel Sydney Parramatta(19) 350 Church Street, Parramatta, NSW 2150 Freehold Not applicable Not applicable Not applicable – 38,954 – – – 1.0 – – Pullman and Mercure Brisbane King George Square Corner Ann and Roma Street, Brisbane, QLD 4000 Freehold Not applicable Not applicable Not applicable 82,644 73,191 – – 1.9 1.8 – – Pullman and Mercure Melbourne Albert Park 65 Queens Road, Melbourne, VIC 3004 Freehold Not applicable Not applicable Not applicable 90,605 89,890 – – 2.1 2.3 – – Pullman Sydney Hyde Park 36 College Street, Sydney, NSW 2000 Freehold Not applicable Not applicable Not applicable 144,647 140,797 – – 3.3 3.6 – – Ireland Temple Bar Hotel(20) 13-17 Fleet St, Temple Bar, Dublin 2, D02 WD51 Freehold Not applicable Not applicable Not applicable 114,235 – – – 2.6 – – – Portfolio of freehold land and buildings of the CapitaLand Ascott BT Group 577,691 536,625 – – 13.2 13.6 – – Total investment properties, investment properties under development and freehold land and buildings 7,346,708 7,025,965 6,766,182 6,461,681 168.7 177.2 183.1 187.4 (19) On 31 December 2023, these two hotels were reclassified to “Assets held for sale” (Note 15), pursuant to the divestment of these properties. (20) On 30 November 2023, the CapitaLand Ascott BT Group acquired Temple Bar Hotel from Citadines Temple Bar 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 Overview Sustainability & Governance Leadership Portfolio & Performance Financial Statements and Other Information ANNUAL REPORT 2023 187
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