Portfolio Statements As at 31 December 2024 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 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 $’000 $’000 $’000 $’000 % % % % Balance brought forward 1,546,841 1,641,244 1,546,841 1,641,244 35.2 37.9 41.4 44.5 Japan Citadines Central Shinjuku Tokyo 1-2-9, Kabuki-cho, Shinjuku-ku, Tokyo 1600021 Freehold Not applicable Not applicable Not applicable 108,647 110,911 108,647 110,911 2.4 2.5 2.9 3.0 Citadines Karasuma-Gojo Kyoto(4) 432 Matsuya-cho, Gojo-dori Karasuma-Higashiiru, Shimogyo-ku, Kyoto 600-8105 Freehold Not applicable Not applicable Not applicable – 41,102 – 41,102 – 0.9 – 1.1 Citadines Shinjuku Tokyo 1-28-13 Shinjuku, Shinjuku-ku, Tokyo 1600022 Freehold Not applicable Not applicable Not applicable 85,343 82,672 85,343 82,672 1.9 1.9 2.3 2.2 Sotetsu Grand Fresa Tokyo-Bay Ariake 3-6-6 Ariake Koto-ku, Tokyo 135-0063 Freehold Not applicable Not applicable Not applicable 258,271 261,240 258,271 261,240 5.9 6.0 6.9 7.1 Balance carried forward 1,999,102 2,137,169 1,999,102 2,137,169 45.4 49.2 53.5 57.9 (4) Citadines Karasuma-Gojo Kyoto was divested on 8 October 2024 to Hilton Grand Vacations Japan Godo Kaisha, an unrelated third party. The sale price of JPY 6.2 billion was agreed on a willing buyer willing seller basis, and represented 40.1% above the property valuation as at 31 December 2023. The valuation was based on discounted cash flow method. The accompanying notes form an integral part of these financial statements. 133 Annual Report 2024
RkJQdWJsaXNoZXIy NTkwNzg=