(Constituted in the Republic of Singapore pursuant to a trust deed dated 19 January 2006 (as amended)) ASSET VALUATION

Size: px

Start display at page:

Download "(Constituted in the Republic of Singapore pursuant to a trust deed dated 19 January 2006 (as amended)) ASSET VALUATION"

Darlene Davidson
6 years ago
Views:

(Constituted in the Republic of Singapore pursuant to a trust deed dated 19 January 2006 (as amended)) ASSET VALUATION Pursuant to Rule 703 of the SGX-ST Listing Manual, Ascott Residence Trust

1 (Constituted in the Republic of Singapore pursuant to a trust deed dated 19 January 2006 (as amended)) ASSET VALUATION Pursuant to Rule 703 of the SGX-ST Listing Manual, Ascott Residence Trust Management Limited ( Manager ), the manager of Ascott Residence Trust ( Ascott Reit ), wishes to announce that the Manager has obtained independent valuations for the properties ( Properties ) owned by as of 31 December 2014 as listed below. The valuations for the Properties (except for Somerset Ampang Kuala Lumpur) were conducted by Jones Lang LaSalle Consultants Pte Ltd 1,2. Somerset Ampang Kuala Lumpur was valued by C H Williams Talhar & Wong Sdn Bhd (as consultant to Jones Lang LaSalle Consultants Pte Ltd). Australia St Georges Terrace Valuation Perth AUD Quest Greater Sydney AUD Campbelltown 1 Quest Mascot 1 Greater Sydney AUD Quest Sydney Greater Sydney AUD Olypmic Park 1 Indonesia Ascott Jakarta Jakarta USD The valuations as of 1 August 2014 by the independent valuer, Savills Valuations Pty Ltd, were adopted as at 31 December 2014.

2 Page 2 of 6 Citra Valuation Jakarta USD Japan Shinjuku Tokyo JPY 6, Roppongi Residences Somerset Azabu East Tokyo JPY 3, Tokyo JPY 3, Zenith Residences Tokyo JPY 10, Karasuma-Gojo Actus Hakata V-Tower Gravis Court Kakomachi Gravis Court Kokutaiji Gravis Court Nishiharaekimae Grand E terna Chioninmae Grand E terna Nijojomae Kyoto JPY 3, Fukuoka JPY 3, Hiroshima JPY Hiroshima JPY Hiroshima JPY Kyoto JPY Kyoto JPY Grand E terna Saga Saga JPY Grand E terna Saga Idaidori Saga JPY Big Palace Kita 14jo Sapporo JPY 1, Grand Mire Miyamachi Sendai JPY Grand Mire Shintera Sendai JPY Infini Garden Fukuoka JPY 6,

3 Page 3 of 6 Best Western Shinjuku Astina Hotel 2 Malaysia Valuation Tokyo JPY 8, Somerset Ampang Kuala Lumpur MYR People s Republic of China Fortune Garden Central Beijing RMB Dalian RMB Ascott Guangzhou Guangzhou RMB Biyun Shanghai RMB Somerset Xu Hui Shanghai RMB Somerset Heping Shenyang RMB Xinghai Suzhou RMB Somerset Olympic Tower Tianjin RMB Zhuankou Wuhan RMB Gaoxin Xi an RMB Singapore Ascott Raffles Place Singapore Mount Sophia Somerset Liang Court Singapore Singapore The valuation as of 10 September 2014 by the independent valuer, Savills Japan Co., Ltd., was adopted as at 31 December 2014.

4 Page 4 of 6 The Philippines Valuation Ascott Makati Makati PHP 4, Somerset Millennium Salcedo Residences Vietnam Hanoi Makati PHP Makati PHP Hanoi VND 1,720, Somerset Hoa Binh Hanoi VND 803, Somerset West Lake Somerset Chancellor Court Somerset Ho Chi Minh City Hanoi VND 274, Ho Chi Minh City VND 903, Ho Chi Minh City VND 690, Belgium Sainte- Catherine Brussels Toison d Or Brussels France Croisette Cannes City Centre Grenoble City Centre Lille Presqu île Lyon Castellane Marseille Brussels EUR Brussels EUR Cannes EUR Grenoble EUR Lille EUR Lyon EUR Marseille EUR

5 Page 5 of 6 Prado Chanot Marseille Antigone Montpellier Austerlitz Paris Didot Montparnasse Paris Les Halles Paris Maine Montparnasse Paris Montmartre Paris Place d Italie Paris République Paris Suites Louvre Paris Tour Eiffel Paris Trocadéro Paris Germany Kurfϋrstendamm Berlin Valuation Marseille EUR Montpellier EUR Paris EUR Paris EUR Paris EUR Paris EUR Paris EUR Paris EUR Paris EUR Paris EUR Paris EUR Paris EUR Berlin EUR Madison Hamburg Hamburg EUR Arnulfpark Munich Spain Ramblas Barcelona Munich EUR Barcelona EUR

6 Page 6 of 6 United Kingdom Barbican London Holborn- Covent Garden London South Kensington London Trafalgar Square London Valuation London GBP London GBP London GBP London GBP Copies of the valuation reports of the Properties are available for inspection at the Manager s registered office at 168 Robinson Road, #30-01 Capital Tower, Singapore during normal business hours for three months from the date of this announcement. Prior appointment would be appreciated. BY ORDER OF THE BOARD Ascott Residence Trust Management Limited (Company Registration No: Z) As manager of Ascott Residence Trust Kang Siew Fong / Regina Tan Joint Company Secretaries 22 January 2015 Important Notice The value of units in ( Units ) and the income from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested. Investors have no right to request the Manager to redeem their Units while the Units are listed. It is intended that Unitholders may only deal in their Units through trading on Singapore Exchange Securities Trading Limited ( SGX-ST ). Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units. The past performance of is not necessarily indicative of the future performance of.

(Constituted in the Republic of Singapore pursuant to a trust deed dated 19 January 2006 (as amended)) ASSET VALUATION

(Constituted in the Republic of pursuant to a trust deed dated 19 January 2006 (as amended)) ASSET VALUATION Pursuant to Rule 703 of the SGXST Listing Manual, Ascott Residence Trust Management Limited