CICT net property income up 66.6% to $247m

27 Apr 2021 - Singapore Business Review
CapitaLand Integrated Commercial Trust is optimistic about the gradual easing of safe management measures. CapitaLand Integrated Commercial Trust (CICT) has posted a net property income of $247.1m for the first quarter of 2021. In a bourse disclosure, CICT said this is a 66.6% increase from last year's ...
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Singapore Airlines, CapitaLand start new rewards partnership

5 Apr 2021 - Singapore Business Review
The partnership will link the KrisFlyer and CapitaStar programmes. Commercial real estate giant CapitaLand and flag carrier Singapore Airlines (SIA) have announced the linkage of their respective rewards programmes. Through this partnership, the miles earned through SIA's KrisFlyer loyalty programme ...
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CDL aims for master-developer status, launches Irwell Hill Residences

26 Mar 2021 - Singapore Business Review
The property group is “very confident” in becoming a master-developer. As part of the group’s goal to replenish its land bank and ensure a stable launch pipeline, City Developments Limited (CDL) is propped to becoming a master developer in Singapore. Instead of having small parcels of land, Singapore ...
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CapitaLand to consolidate investment management platform

23 Mar 2021 - Singapore Business Review
Its property development business will be placed under private ownership. CapitaLand has proposed to restructure its business, consolidating its investment management platforms, including its lodging business, into CapitaLand Investment Management (CLIM) whilst placing its property development business ...
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CapitaLand pushes ahead with its global drive for sustainability

22 Mar 2021 - Singapore Business Review
The real estate group is adopting sustainability innovations through its CapitaLand Sustainability X Challenge and devising a new metric to measure its sustainability outcomes. In an exclusive interview with Real Estate Asia, CapitaLand Group’s Chief Sustainability Officer Lynette Leong who is responsible ...
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CapitaLand acquires student accommodation property in US for $126.3m

2 Mar 2021 - Singapore Business Review
The property is located in Atlanta, Georgia. CapitaLand, through Ascott Residence Trust, has completed the purchase of a student accommodation property at 800 Marietta Street NW in Atlanta, Georgia in United States for $126.3m (US$95m), its first acquisition in the country. The acquisition was completed ...
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CapitaLand announces completion of Ascendas Innovation Hub transaction

1 Mar 2021 - Singapore Business Review
AIH Co ceased to be an associate company of CapitaLand after the completion. CapitaLand has announced the completion of the Ascendas Innovation Hub transaction, pertaining to the sale of 80% interest in Xi An Ascendas-Science Technology Investment Co. (AIH Co) to CRCT Investment, a wholly owned subsidiary ...
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Look beyond CapitaLand's FY2020 headline figures: analysts

26 Feb 2021 - Singapore Business Review
OCBC Investment Research and RHB gave a 'buy' recommendation for CapitaLand. CapitaLand Limited has reported a $1.57b net loss for FY 2020, due mainly to the revaluation of investment properties and impairments of projects and equity investments. Operating profit after tax and minority interests (PATMI) ...
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CapitaLand records $1.57b net loss in FY2020

25 Feb 2021 - Singapore Business Review
This is due to revaluation losses and impairments. CapitaLand Limited has posted a net loss of around $1.57b for FY2020, which is mainly attributed to revaluation of investment properties, and impairment of projects and equity investments, the group announced. The revaluation losses were limited to a ...
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Ascott expands Citadines brand in Indonesia

11 Feb 2021 - Singapore Business Review
It has recently opened serviced residence Citadines Berawa Beach Bali. The Ascott Limited, a CapitaLand-owned lodging business unit, has expanded its Citadines brand in Indonesia as it has opened serviced residence Citadines Berawa Beach Bali, the company announced. Citadines Berawa Beach Bali has 224 ...
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