Dating 99760

A-REIT was declared an authorised unit trust scheme on 9 October 2002, qualifying as an investment permitted to be made by trustees and certain other persons with similar investment powers in Singapore.

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Tenants include Bioprocessing Technology Centre, Federal Express, Honeywell, Institute of Microelectronics, Lilly Systems Biology, Teradyne and Venture Corporation, just to name a few.

The rental income from the tenants contributes to the stable distributions to be delivered by A-REIT.

Mr Goh said, "We are excited with the opportunity of introducing the first business and industrial space real estate investment trust in Singapore.

We believe that investors in the proposed A-REIT will be attracted by the stable distributions and long-term capital gains potential of a diversified portfolio of quality business and industrial properties catering to high value-added industries." Ms Chong Siak Ching, President and Chief Executive Officer of Ascendas Pte Ltd, said, "When listed, A-REIT will be the latest milestone in Ascendas' 12-year track record in pioneering high quality, total business space solutions to high value-added industries.

35% of the outstanding Units immediately after the completion of the proposed IPO and before the exercise of the over-allotment option).