138
FRASERS HOSPITALITY TRUST ANNUAL REPORT 2015
30 Sep 2015
Property
Acquisition
date
Tenure
Location
Existing
use
Latest
valuation
Valuation
date
At
valuation/
carrying
value
Percentage
of net
assets
$’000
$’000
%
Fraser Place
Canary Wharf
14 July
2014
75 year leasehold
expiring in 2089
80 Boardwalk Place,
London E14 5SF,
United Kingdom
Serviced
Residences
89,482
30
September
2015
89,482
7.63
Fraser Suites
Queens Gate
14 July
2014
75 year leasehold
expiring in 2089
39B Queens Gate
Gardens, London SW7
5RR, United Kingdom
Serviced
Residences
130,781
30
September
2015
130,781
11.16
Fraser Suites
Glasgow
14 July
2014
75 year leasehold
expiring in 2089
1-19 Albion Street
Glasgow G1 1LH,
Scotland, United
Kingdom
Serviced
Residences
20,434
30
September
2015
20,434
1.74
Fraser Suites
Edinburgh
14 July
2014
75 year leasehold
expiring in 2089
12-26 St Giles Street,
Edinburgh EH1 1 PT,
Scotland, United
Kingdom
Serviced
Residences
29,899
30
September
2015
29,899
2.55
Portfolio of investment properties
1,960,393
1,960,393
167.23
Other net liabilities
(788,111)
(788,111)
(67.23)
Net assets
1,172,282
1,172,282
100.00
Independent valuation of the investment properties was undertaken by Jones Lang LaSalle based on discounted cash
flow method and gross realisation method. The independent valuers have the appropriate professional qualifications and
experience in the location and category of the property being valued.
The net changes in fair values of these investment properties have been recognised in the Statements of Total Return in
accordance with the Stapled Group’s accounting policies.
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
PORTFOLIO STATEMENT
AS AT 30 SEPTEMBER 2015
