Extracted from SGX’s website the Corporate Information of
Reit:
| Ascott Residence Trust Management Limited |
| Listed on: |
31 March 2006 on SGX Mainboard |
| ISIN Code : |
SG1T08929278 |
| Incorporated on : |
22 Nov 2005 |
| Registered Office : |
No.8 Shenton Way,13-01 Temasek Tower, Singapore068811 |
| Telephone: |
65 63899388 |
| Fax: |
65 63899399 |
| Secretary: |
Kang Siew Fong
Lam Chee Kin |
| Registrars |
Lim Associates (Pte) Ltd |
| Registrar Address |
3 Church Street,08-01,Samsung Hub,Singapore049483 |
| Link to Internet Website |
http://www.ascottreit.com |
| Auditors |
KPMG |
Background:
- The Manager, ART Management Pte Ltd was incorporated in
Singapore on 22 November 2005 and changed its name to ART Management Limited. The Manager subsequently changed its name to “Ascott Residence Trust Management Limited on 20 January 2006.
- ART is the first Pan-Asian serviced residence real estate investment trust established with the objective of investing primarily in real estate and real estate related assets, which are income-producing.
- Its initial asset portfolio comprises 12 serviced residences and rental housing property located in
Singapore,
China,
Vietnam,
Philippines, and
Indonesia. These properties are predominantly used as serviced residences or rental housing properties in the Pan-Asian Region.
- The Manager is a direct wholly-owned subsidiary of Ascott. The Ascott Group is a leading international serviced residence provider which owns and/or manages more than 15,000 serviced residence apartment units in key cities of
Europe, Asia-Pacific and the Gulf region. Headquartered in
Singapore, the Ascott Group pioneered Pan-Asia’s first branded luxury serviced residence in 1984. The Ascott Group has extensive experience in the ownership and management of serviced residences as well as an established network of relationships with developers and service providers in
Singapore and the Pan-Asian Region. The Manager believes that ART can leverage on the Ascott Group’s network to achieve its business objectives and provide ART with access to the market and network of contacts in the Pan-Asian serviced residence sector.ART‘s property portfolio comprises the following properties: -
- Singapore – Somerset Liang Court Property and Somerset Grand Cairnhill;
-
Indonesia – The Ascott,
Jakarta, Somerset Grand Citra and Country Woods;
-
Philippines – Somerset Millennium and Somerset Salcedo Property;
-
China – The Ascott,
Beijing, Somerset Grand Fortune Garden Property and
- Somerset Xu Hui; and
-
Vietnam – Somerset Ho Chi Minh City and Somerset Grand Hanoi
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