26 CapitaLand Ascott Trust Operations Review Australia is one of CLAS’ key markets, contributing about 9% of the total gross profit for FY 2025. CLAS’ Australia portfolio comprises one leasehold and 11 freehold properties located across Brisbane, Sydney, Melbourne and Perth. Of the 12 properties in Australia, there are five serviced residences under master leases, one hotel under MCMGI, and two serviced residences and four hotels under management contracts. Master Leases CLAS has five serviced residences under master leases. The 140-unit Quest Sydney Olympic Park is a 99-year leasehold property located within Sydney Olympic Park, near Accor Stadium and Qudos Bank Arena, a large entertainment and sporting complex. The 81-unit Quest Campbelltown is well-located in south-west Sydney’s urban hub, an established residential, commercial and industrial area, while the 91-unit Quest Mascot is a five‑minute drive away from Sydney Airport. Strategically located in Sydney’s second largest business district of Macquarie Park is the 111-unit Quest Macquarie Park, which is a five-minute drive to Macquarie University, Macquarie University Hospital and Macquarie Centre. The 100-unit Quest Cannon Hill is located in the emerging suburb of Cannon Hill in Brisbane, within a 5-minute walk to the train station and with direct access to the central business district (CBD). Including the extension period at the lessees' option, each of the master leases in Australia has a remaining lease term of at least 14 years. Management Contract with Minimum Guaranteed Income CLAS has one hotel under MCMGI. The 255-unit Sydney Central Hotel is located in the Sydney CBD, situated near well-known attractions such as the Sydney Darling Harbour, Chinatown, Haymarket and Paddy’s Market. Management Contracts CLAS has two serviced residences under management contracts. The 85-unit Citadines St Georges Terrace Perth is conveniently located in Perth’s CBD, along St Georges Terrace, while the 380-unit Citadines on Bourke Melbourne is situated in the heart of Melbourne’s CBD, close to the Parliament House and 101 Collins Street. CLAS also has four hotels under management contracts. The 241-unit Pullman Sydney Hyde Park is located in the Sydney CBD, overlooking the iconic Hyde Park and the 150-unit Citadines Connect Sydney Airport is situated adjacent to the Quest Mascot serviced residence and within proximity to the Sydney Airport. The 378-unit Pullman and Mercure Melbourne Albert Park is a dual-branded business hotel comprising 169 Pullman and 209 Mercure units. Overlooking the scenic Albert Park where the annual Formula 1 Australian Grand Prix is held, the property is also located close to the Melbourne CBD, the popular St Kilda Road precinct and the Royal Botanic Gardens. The 438-unit Pullman and Mercure Brisbane King George Square comprises a 16-storey Pullman Tower with 210 units and a 16-storey Mercure Tower with Australia 12 Properties 2,450 Units S$149.5M Total Revenue (FY 2025) S$35.9M Total Gross Profit (FY 2025) S$804.6M Valuation (as at 31 Dec 2025) ▲ Featured property: Pullman Sydney Hyde Park, Australia Key Market
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