CapitaLand enhances balance sheet flexibility

6 Aug 2012 - Singapore Business Review
Aside from the establishment of a Note Programme, CapitaLand also announced its acquisition of a London hotel. OCBC Investment Research noted: The serviced residence business unit of CapitaLand (CAPL), the Ascott Limited, has agreed to acquire a hotel in London, the 230-unit Cavendish London, for GBP158.8m ...
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CapitaLand selling streak strengthens in China

2 Aug 2012 - Singapore Business Review
It sold a brisk 812 units in the second quarter among its Beijing, Chengdu and Shanghai properties to bring total units sold in 1H12 to 1,067 units. Here's more from Maybank Kim Eng: Decent set of results. CapitaLand reported a 1H12 PATMI of SGD519.1m, up 4% YoY. Excluding fair value gains and impairments, ...
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CapitaLand hits a whopping 254% surge in residential sales

1 Aug 2012 - Singapore Business Review
This is just in Singapore while sales in China registered a 218% rise. In a release, CapitaLand Limited has achieved a net profit of S$519.1 million for the first half of 2012, a 3.7% increase from the same period last year. Group revenue grew 11.2% to S$1,503.6 million, driven by higher contribution ...
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CapitaLand's 2Q12 unit sales surprisingly buoyed by Sky Habitat

1 Aug 2012 - Singapore Business Review
CapitaLand sold a total of 202 units in 2Q12. Here's more from OCBC Investment Research: CAPL announced 2Q12 PATMI of S$385.9m - down 5.1% YoY. Adjusting for revaluations and impairments, we estimate 2Q12 PATMI at S$179.5m, which is broadly in line with our expectations. Top-line for the quarter came ...
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CapitaLand distributable income up 5.5% in 2Q

18 Jul 2012 - Singapore Business Review
It rose to S$79.6M from just S$75.5 million for the same period in 2011 partly thanks to JCube. Distribution per unit (DPU) for 2Q 2012 was 2.38 cents, 0.8% higher than the 2.36 cents for 2Q 2011. This brings CMT’s DPU to 4.68 cents for First Half 2012 (1H 2012), exceeding the First Half 2011 (1H 2011) ...
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CapitaLand asset swaps not a game-changer, says analyst

10 Jul 2012 - Singapore Business Review
Ascott Reit could have secured better accretion had it divested just the residential portion of Somerset Grand Cairnhill to third-parties, says CIMB. CIMB noted: What Happened ART has announced the proposed divestment of Somerset Grand Cairnhill for S$359m (3.8% yield, S$87m gross divestment gain) and ...
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CapitaLand to get more than S$100m from bundled deal with ART

10 Jul 2012 - Singapore Business Review
CapLand's S$98.9m profit from the sale of its two assets excludes gains from the eventual sale of the redeveloped Cairnhill Somerset back to Ascott Residence Trust. According to OCBC, ART would acquire two assets, Ascott Raffles Place and Ascott Guangzhou, from CAPL for S$220.0m and S$63.3m, respectively. ...
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CapitaLand to boost ART's Asian exposure to almost 40%

10 Jul 2012 - Singapore Business Review
25,999sf GFA will be added to CapitaLand's residential landbank. According to DBS Vickers, ART and Capitaland have announced a series of transactions that will boost ART’s exposure in Asia while unlocking value from its asset in Singapore. ART will sell the Somerset Grand Cairnhill site to Capitaland ...
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CapitaLand to buy Somerset Grand Cairnhill Singapore for S$359m

9 Jul 2012 - Singapore Business Review
At the same time CapitaLand is selling Ascott Raffles Place Singapore and Ascott Guangzhou in China. Ascott Residence Trust has entered into a conditional agreement with The Ascott Limited and CapitaLand Residential Singapore Pte Ltd, both wholly-owned subsidiaries of CapitaLand Limited, to divest Somerset ...
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CapitaLand CEO disfavors outsider as successor

25 Jun 2012 - Singapore Business Review
Mr Liew Mun Leong intends to retire in a year’s time but here are three key qualities he looks for in a successor. Mr Leong has given notice that he does not intend to seek a further extension of his term when it expires next year, thus setting his retirement on 28 June 2013. Mr Liew, aged 66, would ...
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