Ascott Residence Trust Management Limited(Manager of Ascott Real Estate Investment Trust) (Regn No.: 200516209Z)
Ascott Business Trust Management Pte. Ltd.
(Trustee-Manager of Ascott Business Trust) (Regn No.: 201925299R)
168 Robinson Road #30-01 Capital Tower Singapore 068912
t (65) 6713 2888
www.ascottresidencetrust.com

ASCOTT RESIDENCE TRUST IS THE FIRST HOSPITALITY TRUST IN SINGAPORETO SECURE GREEN LOAN
Deepens commitment to sustainability with a S$50 million green loan from DBS and greens 15
properties in 2020
Singapore, 14 January 2021 – Ascott Residence Trust (ART) has obtained a S$50 million fiveyear green loan from DBS Bank Ltd (DBS), making ART the first hospitality trust in Singapore
to secure a green loan. Proceeds from the green loan will be used to finance ART’s maiden
development project and coliving property, lyf one-north Singapore. lyf one-north Singapore is
one of ART’s 15 properties that attained green certifications in 2020, bringing the total number
of ART’s green properties to 21. This is about four times more green-certified properties
compared to 2019.
lyf one-north Singapore achieved the Green Mark GoldPLUS award by Building and Construction
Authority of Singapore (BCA) in 2020. The 324-unit coliving property will be fitted with green,energy-efficient and smart building features. This includes an energy monitoring system, dualtechnology motion sensors and light-emitting diode (LED) light fixtures which can achieveenergy savings of over 30%. The energy monitoring system and motion sensors will monitor andautomatically optimise the level of energy consumption depending on the number of occupantsin the apartment. Each apartment will also be equipped with an energy-efficient centralised heatpump for its hot water system, and a variable refrigerant flow (VRF) air-conditioning system toreduce water and energy consumption. The property will also feature sun-shading fins as part ofits unique window design to reduce façade solar heat gain.
Slated for completion in 4Q 2021, lyf one-north Singapore is the first coliving property in
Singapore’s research and innovation business hub. The property will integrate greenery in its
social spaces. Its lush planting within the property’s plaza spaces will allow natural shading, tocreate a thermally comfortable environment for outdoor activities. lyf one-north Singapore
combines the best of serviced residences, hotels and coliving apartments. Offering guests a
vibrant, comfortable and safe home away from home, the coliving property features open,
flexibly-designed social spaces and self-contained apartments, suitable for guests on long or shortstay. lyf one-north Singapore is one of the 14 lyf coliving properties by ART’s sponsor, The
Ascott Limited (Ascott).
Ms Beh Siew Kim, Chief Executive Officer of Ascott Residence Trust Management Limited andAscott Business Trust Management Pte. Ltd. (the Managers of ART), said: “Sustainability iscore to everything we do at ART. As the proxy hospitality trust in Asia Pacific with a global
footprint, we recognise the importance for ART to play our role as a responsible corporate
citizen. Being the first hospitality trust in Singapore to secure a green loan reinforces ART’scommitment to do our part for the environment and the communities we operate in. Sustainability
is integrated into every stage of our properties’ lifecycle, from design to development andoperations. In 2020, we have increased the number of green properties in ART’s portfolio by
about four times. Being part of CapitaLand, we are aligned with CapitaLand’s 2030

Ascott Residence Trust Management Limited(Manager of Ascott Real Estate Investment Trust) (Regn No.: 200516209Z)
Ascott Business Trust Management Pte. Ltd.
(Trustee-Manager of Ascott Business Trust) (Regn No.: 201925299R)
168 Robinson Road #30-01 Capital Tower Singapore 068912
t (65) 6713 2888
www.ascottresidencetrust.com

Sustainability Master Plan to green all our properties globally by 2030, future proofing our assets
while creating long-term value for our Stapled Securityholders.”
Mr Chew Chong Lim, Managing Director & Global Head of Real Estate, Institutional Banking,
DBS, said: “DBS is pleased to partner ART in inking the green loan by a hospitality trust, among
the first in the industry. We hope this spurs more companies in the hospitality property space toexplore green financing solutions. We are committed to collaborating with companies in
Singapore and the region to adopt responsible financing practices for a greener, more sustainable
future.”Greened 15 properties in 2020
In 2020, ART stepped up its sustainability efforts, achieving green certifications for 15
properties. Four ART properties recently achieved the Excellence in Design for Greater
Efficiencies (EDGE) certification in December 2020. The EDGE’s green building certification
is an internationally-recognised green certification system created by the International FinanceCorporation (IFC), a member of the World Bank Group. In 2018, Ascott signed a Memorandumof Understanding with IFC to pioneer a green building certification for serviced residences, aspart of IFC’s EDGE system.
The four ART properties that recently received EDGE certification are Citadines Arnulfpark
Munich in Germany; Ascott Jakarta and Somerset Grand Citra Jakarta in Indonesia; andSomerset Hoa Binh Hanoi in Vietnam. Ascott Makati in the Philippines was the first serviced
residence to receive this EDGE certification in 2018, followed by Somerset Grand Hanoi in
Vietnam in January 2020. These properties have all demonstrated resource efficiency of at least
20% in energy and water use, as well as embodied energy in materials - energy that went into
making the construction materials.
Nine ART properties have also attained the Green Star certification in December 2020.
Developed by the Green Building Council of Australia, the Green Star certification is Australia’s
largest voluntary and holistic sustainability rating system for buildings, fitouts and communities.
The Green Star certified properties include Citadines St Georges Terrace Perth; Citadines on
Bourke Melbourne; and Citadines Connect Sydney Airport.
The 15 new green-certified properties in 2020 add to ART’s six existing green-certified
properties. The properties are the EDGE-certified Ascott Makati in the Philippines, Somerset Ho
Chi Minh City in Vietnam that has received the BCA Green Mark GoldPLUS award, as well as
two Building Research Establishment Environmental Assessment Method (BREEAM) rated
properties, La Clef Louvre Paris in France, and Citadines Trafalgar Square London in the United
Kingdom. BREEAM is the world’s leading sustainability assessment method on an asset’s
environmental, social and economic sustainability performance. Citadines Michel Hamburg andCitadines City Centre Frankfurt in Germany have received green certifications from German
Sustainable Building Council (DGNB), the official representative of the World Green Building
Council in Germany.

Ascott Residence Trust Management Limited(Manager of Ascott Real Estate Investment Trust) (Regn No.: 200516209Z)
Ascott Business Trust Management Pte. Ltd.
(Trustee-Manager of Ascott Business Trust) (Regn No.: 201925299R)
168 Robinson Road #30-01 Capital Tower Singapore 068912
t (65) 6713 2888
www.ascottresidencetrust.com

Please refer to Annex for the full list of green properties in ART’s portfolio.

About Ascott Residence Trust
Ascott Residence Trust (ART) is the largest hospitality trust in Asia Pacific with an asset valueof S$7.6 billion as at 30 June 2020. Having listed on the Singapore Exchange Securities Trading
Limited (SGX-ST) since March 2006, ART’s objective is to invest primarily in incomeproducing real estate and real estate-related assets which are used or predominantly used asserviced residences, hotels, rental housing properties and other hospitality assets in any country
in the world. ART is a constituent of the FTSE EPRA Nareit Global Real Estate Index Series(Global Developed Index).
ART's international portfolio comprises 88 properties with more than 16,000 units in 39 cities
across 15 countries in Asia Pacific, Europe and the United States of America as at 30 September
2020.
ART's properties are mostly operated under the Ascott The Residence, Somerset, Quest andCitadines brands. They are mainly located in key gateway cities such as Barcelona, Berlin,
Brussels, Guangzhou, Hanoi, Ho Chi Minh City, Jakarta, Kuala Lumpur, London, Manila,
Melbourne, Munich, New York, Paris, Perth, Seoul, Shanghai, Singapore and Tokyo.
ART is a stapled group comprising Ascott Real Estate Investment Trust (Ascott Reit) and AscottBusiness Trust (Ascott BT). ART is managed by Ascott Residence Trust Management Limited(as manager of Ascott Reit) and Ascott Business Trust Management Pte. Ltd. (as trustee-manager
of Ascott BT), both of which are wholly-owned subsidiaries of Singapore-listed CapitaLand
Limited, one of Asia’s largest diversified real estate groups.
Visit www.ascottresidencetrust.com for more information.

About CapitaLand Limited
CapitaLand Limited (CapitaLand) is one of Asia’s largest diversified real estate groups.
Headquartered and listed in Singapore, it owns and manages a global portfolio worth about
S$133.3 billion as at 30 September 2020. CapitaLand’s portfolio spans across diversified realestate classes which includes commercial, retail; business park, industrial and logistics;
integrated development, urban development; as well as lodging and residential. With a presence
across more than 220 cities in over 30 countries, the Group focuses on Singapore and China as
its core markets, while it continues to expand in markets such as India, Vietnam, Australia,
Europe and the USA.
CapitaLand has one of the largest real estate investment management businesses globally. It
manages six listed real estate investment trusts (REITs) and business trusts as well as over 20
private funds. CapitaLand launched Singapore’s first REIT in 2002 and today, its stable of REITs

Ascott Residence Trust Management Limited(Manager of Ascott Real Estate Investment Trust) (Regn No.: 200516209Z)
Ascott Business Trust Management Pte. Ltd.
(Trustee-Manager of Ascott Business Trust) (Regn No.: 201925299R)
168 Robinson Road #30-01 Capital Tower Singapore 068912
t (65) 6713 2888
www.ascottresidencetrust.com

and business trusts comprises CapitaLand Integrated Commercial Trust, Ascendas Real Estate
Investment Trust, Ascott Residence Trust, CapitaLand Retail China Trust, Ascendas India Trustand CapitaLand Malaysia Mall Trust.
CapitaLand places sustainability at the core of what it does. As a responsible real estate company,
CapitaLand contributes to the environmental and social well-being of the communities where it
operates, as it delivers long-term economic value to its stakeholders.
Visit www.capitaland.com for more information.

Important NoticeThis release may contain forward-looking statements. Actual future performance, outcomes andresults may differ materially from those expressed in forward-looking statements as a result of anumber of risks, uncertainties and assumptions. Representative examples of these factors include(without limitation) general industry and economic conditions, interest rate trends, cost of capitaland capital availability, availability of real estate properties, competition from otherdevelopments or companies, shifts in customer demands, shifts in expected levels of occupancyrate, property rental income, charge out collections, changes in operating expenses (including
employee wages, benefits and training, property operating expenses), governmental and public
policy changes and the continued availability of financing in the amounts and the terms necessary
to support future business.
You are cautioned not to place undue reliance on these forward-looking statements, which are
based on the current view of management regarding future events. No representation or warranty
express or implied is made as to, and no reliance should be placed on, the fairness, accuracy,completeness or correctness of the information or opinions contained in this release. Neither
Ascott Residence Trust Management Limited and Ascott Business Trust Management Pte. Ltd.
(“Managers”) nor any of their affiliates, advisers or representatives shall have any liability
whatsoever (in negligence or otherwise) for any loss howsoever arising, whether directly or
indirectly, from any use of, reliance on or distribution of this release or its contents or otherwise
arising in connection with this release.
The past performance of Ascott Residence Trust (“ART”) is not indicative of future performance.
The listing of the stapled securities in ART (“Stapled Securities”) on the Singapore Exchange
Securities Trading Limited (“SGX-ST”) does not guarantee a liquid market for the Stapled
Securities. The value of the Stapled Securities and the income derived from them may fall aswell as rise. Stapled Securities are not obligations of, deposits in, or guaranteed by, the Managers
or any of their affiliates. An investment in the Stapled Securities is subject to investment risks,
including the possible loss of the principal amount invested. Investors have no right to requestthat the Managers redeem or purchase their Stapled Securities while the Stapled Securities arelisted on the SGX-ST. It is intended that holders of Stapled Securities may only deal in theirStapled Securities through trading on the SGX-ST.

Ascott Residence Trust Management Limited(Manager of Ascott Real Estate Investment Trust) (Regn No.: 200516209Z)
Ascott Business Trust Management Pte. Ltd.
(Trustee-Manager of Ascott Business Trust) (Regn No.: 201925299R)
168 Robinson Road #30-01 Capital Tower Singapore 068912
t (65) 6713 2888
www.ascottresidencetrust.com

This release is for information only and does not constitute an invitation or offer to acquire,purchase or subscribe for the Stapled Securities.
Issued by:
Ascott Residence Trust Management Limited
Ascott Business Trust Management Pte. Ltd.
168 Robinson Road, #30-01 Capital Tower, Singapore 068912
Tel: (65) 6713 2888 Fax: (65) 6713 2121
Website: http://www.ascottresidencetrust.com
For more information, please contact:
Analyst Contact
Denise Wong
Head
Investor Relations
Tel: (65) 6713 2151
Email: denise.wong@the-ascott.com

Media Contact
Joan TanVice PresidentGroup Communications
Tel: (65) 6713 2864 / HP: (65) 9743 9503
Email: joan.tanzm@capitaland.com

Ascott Residence Trust Management Limited(Manager of Ascott Real Estate Investment Trust) (Regn No.: 200516209Z)
Ascott Business Trust Management Pte. Ltd.
(Trustee-Manager of Ascott Business Trust) (Regn No.: 201925299R)
168 Robinson Road #30-01 Capital Tower Singapore 068912
t (65) 6713 2888
www.ascottresidencetrust.com

Annex –Full list of green properties in ART’s portfolio
S/N Property

Country

Green Award

1

Citadines on Bourke Melbourne

Australia

Green Star Certification

2

Citadines Connect Sydney Airport

Australia

Green Star Certification

3

Citadines St Georges Terrace Perth

Australia

Green Star Certification

4

Courtyard by Marriott Sydney-North Ryde

Australia

Green Star Certification

5

Novotel Sydney Central

Australia

Green Star Certification

6

Novotel Sydney Parramatta

Australia

Green Star Certification

7

Pullman and Mercure Brisbane King George
SquareAustralia

Green Star Certification

8

Pullman and Mercure Melbourne Albert Park

Australia

Green Star Certification

9

Pullman Sydney Hyde Park

Australia

Green Star Certification

10

La Clef Louvre Paris

FranceBREEAM Certification

11

Citadines Arnulfpark Munich

Germany

EDGE Certification

12

Citadines City Centre Frankfurt

Germany

DGNB Certification

13

Citadines Michel Hamburg

Germany

DGNB Certification

14

Ascott Jakarta

Indonesia

EDGE Certification

15

Somerset Grand Citra Jakarta

Indonesia

EDGE Certification

16

Ascott Makati

Philippines EDGE Certification17

lyf one-north Singapore

Singapore

BCA Green Mark18

Citadines Trafalgar Square London

UnitedKingdom

BREEAM Certification

19

Somerset Grand Hanoi

Vietnam

EDGE Certification

20

Somerset Ho Chi Minh City

VietnamBCA Green MarkAscott Residence Trust Management Limited(Manager of Ascott Real Estate Investment Trust) (Regn No.: 200516209Z)
Ascott Business Trust Management Pte. Ltd.
(Trustee-Manager of Ascott Business Trust) (Regn No.: 201925299R)
168 Robinson Road #30-01 Capital Tower Singapore 068912
t (65) 6713 2888
www.ascottresidencetrust.com

21

Somerset Hoa Binh Hanoi

Vietnam

EDGE Certification