Ascendas Real Estate Investment Trust
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Ascendas Real Estate Investment Trust (SIN:A17U) -- also known as A-REIT -- was the first space and industrial REIT in Singapore. Ascendas held its IPO November 19, 2002 with eight properties. Now it owns at least ninety-two properties with a book value of $S 4.8 billion.
Its owns a diversified portfolio of business and science parks, hi-tech industrial properties, light industrial properties, logistics and distribution centers and warehouse retail facilities. They have around nine hundred thirty tenants, international and local companies in many industries. Tan Ser Ping is Executive Director & CEO.
The Ascendas Group owns 20% of A-REIT. They also own 100% A-REIT's manager, Ascendas Funds Management (S) Limited (AFM) and the property manager, Ascendas Service Pte Ltd (ASPL).
Ascendas Real Estate Investment Trust's Portfolio Includes:
Business & Science Parks: The Alpha, The Aries, The Capricorn, The Gemini, Ultro Building, Honeywell Building, Telepark, Techquest, PSP Science Park Building, 13 International Business Park, iQuest @ IBP, Hansapoint @ CBP, Acer Building, Rutherford & Science Hub, 31 International Business Park, 1 & 3 Changi Business Park Crescent, and DBS Asia Hub.
Hi-Tech Industrial: Techlink, Siemens Center, Infineon Building, Techpoint, Wisma Gulab, KA Centre, KA Place, Kim Chuan Telecommunications Complex, Pacific Tech Center, Techview, 1 Jalan Kilang, 138 Depot Road, 2 Changi South Lane, CGGVeritas Hub, 38A Kim Chuan Road, and 30 Tampines Industrial Avenue 3.
Light Industrial: OSIM Building, Ghim Li Building, 12 Woodlands Loop, SB Building, 247 Alexandra Road, 5 Tai Seng Drive, Volex Building, 53 Serangoon Avenue 4, Hyflux Building, 27 Ubi Road 4, Weltech Building, BBR Building, Tampines Biz-Hub, 84 Genting Lane, Hoya Building, NNB Building, 37A Tampines Street 92, Hamilton Building, Thales Building (I & II), Aztech Building, Ubi Biz-Hub, 26 Senoko Way, 2 Senoko South, 1 Kallang Place, 18 Woodlands Loop, 9 & 11 Woodlands Terrace, 8 Loyang Place, and 31 Joo Koon Circle.
Flatted Factories: Techplace I and Techplace II.
Logistics and Distributions Centers: IDS Logistics Corporate HQ, LogisTech, 10 Toh Guan Road, Changi Logistics Centre, Nan Wah Building, C&P Logistics Hub, Xilin Districentre Buildings A & B, MacDermid Building, Xilin Districentre Building D, Freight Links (Changi) Building, Freight Links (Toh Guan) Building, Xilin Districentre Building C, SENKEE Logistics Hub, 1 Change South Lane, LogisHub@Clementi, JEL Centre, Logistics 21, Sembawang Kimtrans Logistics Centre, Goldin Logistics Hub, Sim Siang Choon Building, 15 Changi North Way, Pioneer Hub, and 41 Alps Avenue.
Warehouse Retail Facilities: Courts MegaStore and Giant Hypermart.
Ascendas A-REIT also substantially owns and sponsors Ascendas India Trust, which owns 4 large industrial parks in India.
Ascendas Real Estate Investment Trust or A-REIT is obviously an S-REIT well-positioned to benefit from the economic activity and prosperity of a Singapore, a major hub for all of Asia.
Next: Ascendas India Trust -- a trust owning industrial parks in India
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