40 CapitaLand Ascott Trust Operations Review CLAS owns two freehold serviced residences in Brussels, Belgium. Both properties are under MCMGI, and they have an average length of stay of less than a month. Citadines Sainte-Catherine Brussels is a 169-unit serviced residence located within a bustling neighbourhood of cafes, restaurants and shops, on the edge of Brussels’ historic centre. It is also near the main business area and Grand Place, the city’s central square and a UNESCO World Heritage Site. Citadines Toison d’Or Brussels is a 155-unit serviced residence situated in the shopping district of Avenue Louise, close to the Royal Palace and major embassies. In FY 2025, the performance of both properties exceeded the minimum guarantee. RevPAU of the Belgium portfolio in EUR terms increased 6%, largely due to higher occupancies. Gross Rental Income (EUR’000) Revenue Per Available Unit (EUR) FY 2025 FY 2024 FY 2025 FY 2024 Properties under MCMGI Citadines Sainte-Catherine Brussels 6,425 6,152 103 98 Citadines Toison d’Or Brussels 5,780 5,386 100 93 Belgium 2 Properties 324 Units S$19.1M Total Revenue (FY 2025) S$6.4M Total Gross Profit (FY 2025) S$80.1M Valuation (as at 31 Dec 2025) ▲ Featured property: Citadines Toison d’Or Brussels, Belgium
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