CapitaLand and GIC to buy Shanghai's tallest twin towers for $2.54b

13 Nov 2018 - Singapore Business Review
The two 50-storey buildings have an office and retail component. CapitaLand inked a 50:50 joint venture (JV) with GIC to acquire the tallest twin towers in Shanghai for $2.54b (RMB12.8b), an announcement revealed. The deal was made through Raffles City China Investment Partners III (RCCIP III) which ...
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CapitaLand wins bid for Guangzhou Science City site for $175.2m

13 Nov 2018 - Singapore Business Review
It plans to build a development comprising of office, retail space and serviced residence by 2022. CapitaLand clinched a 4.7 hectare mixed-use site for $175.2m (RMB882m) in Guangzhou Science City, China which is a government-backed innovation and technology hub, an announcement revealed. The gross floor ...
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Physical meets digital in CapitaLand's new NomadX store

8 Nov 2018 - Singapore Business Review
The 11,000 sqft space will feature physical outlets of online retailers such as Alibaba’s Taobao and Style Theory. CapitaLand launched its ‘phygital’ multi-label concept store NomadX at Plaza Singapura in its attempt to provide customers with a new blend of physical and digital shopping experiences, ...
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CapitaLand's China home sales hit $396.7m in October

7 Nov 2018 - Singapore Business Review
The Metropolis in Kunshan saw the highest sales of $150.29m amongst the four launches. CapitaLand sold 1,506 residential units in China for a total of $396.7m in October, coinciding with the ‘Golden September Silver October’ which is China’s traditional season for soaring new home sales, an announcement ...
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CapitaLand Mall Trust NPI up 1.1% to $122.68m in Q3

25 Oct 2018 - Singapore Business Review
DPU grew 5% to $0.292. CapitaLand Mall Trust recorded a net property income (NPI) of 1.1% YoY to $122.68m, an announcement revealed. Profits rose 4.9% YoY to $103.54m from $98.68m. Meanwhile, distribution per unit (DPU) grew 5% YoY to $0.292. Revenue inched up 0.7% YoY to $170.5m. Gross revenue was higher ...
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CapitaLand bags $300m sustainability loan

4 Oct 2018 - Singapore Business Review
It can be used for general corporate purposes and not just for specific projects. CapitaLand secured a $300m multi-currency sustainability-linked loan from DBS, an announcement revealed. The five-year term loan and revolving credit facility is said to be the first sustainability-linked loan in Asia’s ...
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CapitaLand buys 50% of co-working operator The Work Project for $27m

2 Oct 2018 - Singapore Business Review
The operator will also occupy levels in Capital Tower and Asia Square Tower 2. CapitaLand bought a 50% stake in co-working operator, The Work Project, for $27m as part of its “office of the future” strategy that involves merging a building’s conventional office space (core) with flexible space (flex). ...
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Take-up rates of Capitaland's Funan Mall hits 70%

2 Oct 2018 - Singapore Business Review
Tenants are already flocking to Funan including Golden Village Cineplex, Kopitiam Foodcourt, ABC Cooking Studio and Ark Futsal. Things are falling into place for CapitaLand Mall Trust (CMT) as its retail offering, Funan, is enjoying strong pre-commitment levels with take-up rates already hitting 70% ...
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US acquisitions could beef up earnings for CapitaLand

19 Sep 2018 - Singapore Business Review
The $1.2b multi-family asset portfolio is over 90% occupied with an average length of stay of 2 years. CapitaLand could boost its earnings stability through its acquisition of 12 multi-family properties in the US, DBS Equity Research said. “This acquisition will broaden the group’s lodging property business ...
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CapitaLand buys 16 US properties for $1.14b

18 Sep 2018 - Singapore Business Review
The 3,787 apartment units have an average occupancy rate of over 90%. CapitaLand forays into the multifamily asset class in the US as it bought 16 freehold properties in the United States for $1.14b (US$835m), an announcement revealed. In total, the portfolio comprises 3,787 apartment units across suburban ...
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