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PORTFOLIO STATEMENTS
REPORTS
As at 31 December 2016
Stapled 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
27.4
28.7
Claymore Connect
Freehold *
75 years
65 years
442 Orchard
Road
Retail
90,000
106,000
5.8
6.8
Grand Copthorne
Waterfront Hotel
Freehold *
75 years
65 years
392 Havelock
Road
Hotel
348,000
351,000
22.5
22.4
M Hotel
Freehold *
75 years
65 years 81 Anson Road Hotel
234,000
235,000
15.1
15.0
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
20.6
20.4
Studio M Hotel
Leasehold 99 years from
26 February
2007
89 years 3 Nanson Road Hotel
153,000
159,000
9.9
10.1
New Zealand
Grand Millennium
Auckland (previously
Rendezvous Hotel
Auckland)
Freehold
–
–
71 – 87 Mayoral
Drive, Auckland
Hotel
177,832
113,525
11.5
7.2
Balance carried forward
1,861,832 1,853,525
120.3
118.3
* 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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