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II I
Ascendas India Trust enables
its customers to develop
software and technology
used across the world.
At a Glance
Note to Unitholders
Milestones
Strategy
Portfolio Overview
Corporate Social Responsibility
Trust Structure
Trustee-Manager Board of Directors
Trustee-Manager Management Team
Property Manager Management Team
India Economy and Real Estate Overview
Operational & Financial Review
01
02
03
04
06
10
13
14
18
20
23
26
CONTENT
Portfolio Review
Capital Management
Unit Price Review
Risk Management
Investor Relations
Corporate Governance Report
Financial Statement of a-iTrust
Financial Statement of APFT
Unitholding Statement
Glossary
Appendix - Independent Market Research Report
Notice of Annual General Meeting
30
32
33
34
36
39
49
116
141
143
144
203
Note:
All information as at 31 March 2013 unless otherwise stated.
All measurements of floor area are defined herein as “Super Built-up Area” or “SBA”, which
is the sum of the floor area enclosed within the walls, the area occupied by the walls, and the
common areas such as the lobbies, lift shafts, toilets and staircases of that property, and in
respect of which rent is payable.
AT A GLANCE
Corporate Profile
Ascendas India Trust (“a-iTrust”
or the “Trust”) was launched in
August 2007 as the first listed Indian
property trust in Asia.
Objectives
Own income-producing real estate
used primarily as business space
in India.
Develop and acquire land
or uncompleted commercial
developments, with the objective
of holding the properties upon
completion.
Structure
a-iTrust is structured as a business
trust, but has voluntarily adopted
certain regulations governing Real
Estate Investment Trusts (“REIT”) to
enhance the stability of distributions
to unitholders.
a-iTrust is managed by Ascendas
Property Fund Trustee Pte Ltd, an
Ascendas Group entity.
Portfolio Details
IT Parks 5
Floor Area 6.9 mil sq ft
Occupancy 96%
Tenants 337
Land Potential floor
area of 2.5 mil sq ft
Presence In India
Chennai
Bangalore
Breakdown By Floor Area
Floor Area (mil sq ft)
B A
N
G
A
LO
RE
H Y DERA
B
A
D
C
H
E
N N A I
Hyderabad
B A
N
G
A
LO
RE
H Y DERA
BA
D
C
H
E
N
N A I
IPO5
3.6
4.7 4.8 4.8
5.9
6.9 6.9
31.03.08 31.03.09 31.03.10 31.03.11 31.03.12 31.03.13
Bangalore 40%
Hyderabad 31%
Chennai 29%
The Indian Rupee and Singapore Dollar are defined herein as “INR” and “S$”/“SGD” respectively.
Any discrepancy between individual amounts and total shown in this annual report is
due to rounding.