THE MANAGERS

Overview

CapitaLand Ascott Trust (CLAS), formerly known as Ascott Residence Trust (ART), is a stapled group comprising CapitaLand Ascott Real Estate Investment Trust (CapitaLand Ascott REIT), formerly known as Ascott Real Estate Investment Trust (Ascott REIT), and CapitaLand Ascott Business Trust (CapitaLand Ascott BT), formerly known as Ascott Business Trust (Ascott BT).

CLAS is managed by CapitaLand Ascott Trust Management Limited (as manager of CapitaLand Ascott REIT), formerly known as Ascott Residence Trust Management Limited, and CapitaLand Ascott Business Trust Management Pte. Ltd. (as trustee-manager of CapitaLand Ascott BT), formerly known as Ascott Business Trust Management Pte. Ltd. The manager and trustee-manager (the Managers) are wholly owned subsidiaries of Singapore-listed CapitaLand Investment Limited, a leading global real estate investment manager with a strong Asia foothold. The Managers are responsible for the management and administration of CLAS and the implementation of CLAS’ strategy.

Strategy

The Managers intend to implement the investment strategy of CLAS in accordance with the following guidelines:

Investment portfolio primarily in income-producing real estate and real estate-related assets which are used, or predominantly used as serviced residences, rental housing properties, student accommodation and other hospitality assets in any country in the world.

Investments will generally be for the long-term.

The Managers will implement the principal investment strategy of CLAS in accordance with the Monetary Authority of Singapore’s Property Funds Guidelines, Business Trust Act, the Trust Deeds and Stapling Deed and any other applicable laws.

Vision and Mission

Our Vision: To be the premier hospitality trust with quality assets in key global cities.

Our Mission: To deliver stable and sustainable returns to Stapled Securityholders.

The Managers plan to achieve the above through the following strategies:-

  • Growth by Acquisition: Selectively acquiring properties that meet the Managers’ investment criteria;
  • Active asset management of assets: Actively managing the property portfolio of CLAS to maximise returns through organic growth;
  • Unlocking value: Seeking divestment opportunities for properties that have reached the optimal stage of their life cycle and redeploying divestment proceeds into higher yielding assets;
  • Prudent capital and risk management: Employing appropriate capital financing and hedging strategies to manage interest rate and foreign and exchange risks; and
  • Leveraging sponsor: Tapping on the expertise of the Sponsor, The Ascott Limited, as an owner-operator in the lodging industry, and leveraging its brands and operating platforms which include, amongst other things, sales network and digital initiatives.

ETHICS AND CODE OF BUSINESS CONDUCT

The Managers adhere to an ethics and code of business conduct policy, which includes guidelines on the following areas:

  • Confidentiality
  • Conduct & Work Discipline
  • Employee Declarations
  • Inventions
  • Corporate Gifts and Concessionary Offers
  • Harassment
  • Grievance Handling
  • Social Media Policy
  • Handling The Media / External Communications
  • Employees Personal Data Protection
  • Diversity & Inclusion
  • Social Charter

The policy and guidelines can be found on our corporate website or are published on the intranet, which is accessible by all employees of the Managers.