Notice of Valuation of Real Assets::Asset Valuation

Issuer & Securities

Issuer/ Manager
ASCOTT RESIDENCE TRUST MANAGEMENT LIMITED
Securities
ASCOTT RESIDENCE TRUST - SGXC16332337 - HMN
Stapled Security
Yes

Other Issuer(s) for Stapled Security

Announcement Details

Announcement Title
Notice of Valuation of Real Assets
Date &Time of Broadcast
30-Jan-2020 07:00:43
Status
New
Announcement Sub Title
Asset Valuation
Announcement Reference
SG200130OTHRY779
Submitted By (Co./ Ind. Name)
Karen Chan
Designation
Company Secretary, Ascott Residence Trust Management Limited
Description (Please provide a detailed description of the event in the box below)
The attached announcement issued by Ascott Residence Trust Management Limited (as manager of Ascott Real Estate Investment Trust) and Ascott Business Trust Management Pte. Ltd. (as trustee-manager of Ascott Business Trust), is for information.

Additional Details

Valuation Details
Date of Valuation
Name of the Valuer
Description of Property
Valuation Currency
Valuation Amount
31/12/2019HVSPlease refer to the attached announcement for the details of the seventy properties.Singapore Dollar4,553,413,927
31/12/2019JLL Morii Valuation & Advisory K.K.Please refer to the attached announcement for the details of the five properties.Singapore Dollar715,572,000
31/12/2019Cushman & Wakefield (Valuations) Pty LtdPlease refer to the attached announcement for the details of the six properties.Singapore Dollar584,583,300
31/12/2019Cushman & Wakefield VHS Pte LtdPlease refer to the attached announcement for the detail of Park Hotel Clarke Quay.Singapore Dollar325,000,000
31/12/2019Knight Frank Pte Ltd & HVSPlease refer to the attached announcement for the detail of Somerset Liang Court.Singapore Dollar303,550,000
31/12/2019CBRE Korea Co., Ltd.Please refer to the attached announcement for the details of the two properties.Singapore Dollar190,104,300
31/12/2019Not applicable - 2 China properties are valued based on selling price, net of transaction costs pursuant to the signing of SPAs on 18 Dec 2019.Please refer to the attached announcement for the details of the two properties-Citadines Xinghai and Citadines Zhuankou.Singapore Dollar94,352,040
Valuation of Reports available for inspection at address during office hours
168 Robinson Road #30-01 Capital Tower, Singapore 068912
Reports available till date
29/04/2020
Additional Information
Please refer to the attached announcement for additional information.

Attachments