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PORTFOLIO STATEMENTS
REPORTS
As at 31 December 2016
H-REIT Group
Description of property
Tenure of
land
Term of
lease
Remaining
term of
lease
Location
Existing
use
Carrying
value at
31/12/2016
Carrying
value at
31/12/2015
Percentage
of total net
assets at
31/12/2016
Percentage
of total net
assets at
31/12/2015
$’000
$’000
%
%
Investment properties
Singapore
Orchard Hotel
Freehold * 75 years
65 years
442 Orchard
Road
Hotel
424,000
449,000
27.3
28.5
Claymore Connect
Freehold * 75 years
65 years
442 Orchard
Road
Retail
90,000
106,000
5.8
6.7
Grand Copthorne
Waterfront Hotel
Freehold * 75 years
65 years
392 Havelock
Road
Hotel
348,000
351,000
22.4
22.3
M Hotel
Freehold * 75 years
65 years
81 Anson
Road
Hotel
234,000
235,000
15.0
14.9
Copthorne
King’s Hotel
Leasehold 99 years
from 1
February
1968
50 years
403 Havelock
Road
Hotel
116,000
121,000
7.5
7.7
Novotel Singapore
Clarke Quay
Leasehold 97 years
and 30 days
from 2 April
1980
60 years
177A River
Valley Road
Hotel
319,000
319,000
20.5
20.3
Studio M Hotel
Leasehold 99 years
from 26
February
2007
89 years
3 Nanson
Road
Hotel
153,000
159,000
9.8
10.1
New Zealand
Grand Millennium
Auckland (previously
known as Rendezvous
Hotel Auckland)
Freehold
–
–
71 – 87
Mayoral Drive,
Auckland
Hotel
177,832
113,525
11.4
7.2
Balance carried forward
1,861,832 1,853,525
119.7
117.7
*
H-REIT’s interest in the freehold land is restricted to the remaining term of each respective lease.
The accompanying notes form an integral part of these financial statements.
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