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 2,152,358 2,299,193 2,152,358 2,299,193 48.9 52.8 57.6 62.3 Japan (continued) Eslead Residence Osaka Fukushima East(5) 5-8-7, Sagisu, Fukushima-ku, Osaka Freehold Not applicable Not applicable Not applicable 18,088 19,220 18,088 19,220 0.4 0.4 0.5 0.5 Eslead Residence Umeda Grande 4-8-3, Nakatsu, Kita-ku, Osaka-shi, Osaka Freehold Not applicable Not applicable Not applicable 11,045 11,943 11,045 11,943 0.3 0.4 0.3 0.3 Granfore Hakata Waterfront(6) 7-9, Sekijomachi, Hakata-ku, Fukuoka Freehold Not applicable Not applicable Not applicable 37,741 40,492 37,741 40,492 0.9 0.9 1.0 1.1 Gravis Court Kakomachi 13-10, Kakomachi, Naka-ku, Hiroshima Freehold Not applicable Not applicable Not applicable 5,696 6,111 5,696 6,111 0.1 0.1 0.2 0.2 Gravis Court Kokutaiji 2-1-9, Kokutaijimachi, Naka-ku, Hiroshima Freehold Not applicable Not applicable Not applicable 4,244 4,544 4,244 4,544 0.1 0.1 0.1 0.1 Gravis Court Nishiharaekimae 8-38-10, Nishihara, Asaminami-ku, Hiroshima Freehold Not applicable Not applicable Not applicable 3,513 3,769 3,513 3,769 0.1 0.1 0.1 0.1 House Saison Shijo-Dori 47-2, Kasaboko-cho, Shimogyo-ku, Kyoto Freehold Not applicable Not applicable Not applicable 25,915 27,337 25,915 27,337 0.6 0.6 0.7 0.7 Infini Garden(7) 3-2-2,3,4,5 KashiiTeriha, Higashi-ku, Fukuoka Freehold Not applicable Not applicable Not applicable – 76,121 – 76,121 – 1.7 – 2.1 Balance carried forward 2,258,600 2,488,730 2,258,600 2,488,730 51.4 57.1 60.5 67.4 (5) On 5 April 2023, the CapitaLand Ascott REIT Group acquired Eslead Residence Osaka Fukushima East from Eslead Corporation, an unrelated third party. The valuation was based on discounted cash flow method. (6) On 19 May 2023, the CapitaLand Ascott REIT Group acquired Granfore Hakata Waterfront from KOSE R.E. Co. Ltd., an unrelated third party. The valuation was based on discounted cash flow method. (7) Infini Garden was divested on 29 October 2024 to two unrelated third parties, namely SaaS Holdings GK and RE Project One TMK. The sale price of JPY 12.7 billion was agreed on a willing buyer willing seller basis, and represented 55.3% 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. 135 Annual Report 2024
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