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CapitaLand
REITs
Liang Court redevelopment in spotlight as CapitaLand moves to recycle capital
SINGAPORE (Nov 25): CapitaLand has been busy with transactions this month. First, it proposed on Nov 1 to divest 28 US campus properties and two business parks in Singapore to Ascendas Real Estate Investment Trust (Ascendas REIT). On Nov 20, the develop
November 22, 2019
Property
CityDev, CapitaLand lead consortium to redevelop Liang Court site at Clarke Quay
SINGAPORE (Nov 21): The iconic Liang Court site along River Valley Road has seen better days. But now, the 35-year-old property could get a facelift in a massive deal involving City Developments (CDL), CapitaLand, Ascott Residence Trust (Ascott REIT) and
November 21, 2019
Property
CapitaLand to sell The Star Vista for $296 mil, bringing divestments year-to-date to $5.7 bil
SINGAPORE (Nov 20): CapitaLand has entered into an agreement to sell The Star Vista for $296 million to Rock Productions which is the business arm of New Creation Church.
November 20, 2019
Investing ideas
Analysts favour super-sized CapitaLand as 3Q operating PATMI jumps 18.8%
SINGAPORE (Nov 6): Analysts are keeping their “buy” calls on property giant CapitaLand, on the back of bullish sentiments following its recent merger with Ascendas-Singbridge (ASB) and robust capital recycling efforts.
November 06, 2019
Results
CapitaLand records 7.8% drop in 3Q earnings to $333.9 mil despite higher revenue
SINGAPORE (Nov 5): CapitaLand has registered a 7.8% drop in earnings to $333.9 million for the 3Q19 ended September, falling from $362.2 million a year ago.
November 05, 2019
REITs
Ascendas REIT to acquire 30 business park properties from CapitaLand for $1.66 bil; launches rights issue at $2.63 per unit to raise $1.31 bil
SINGAPORE (Nov 1): The manager of Ascendas Real Estate Investment Trust has announced the proposed acquisition of a portfolio of 30 business park properties from CapitaLand for $1.66 billion.
November 01, 2019
Property
CapitaLand, CDL preview Sengkang Grand Residences venture
SINGAPORE (Oct 28): CapitaLand and City Developments (CDL) commenced the preview of the residential component of their joint venture, Sengkang Grand, on Oct 25. The mixed-use development, which occupies a 3.7ha site in Sengkang Central and has seamless co
October 25, 2019
Property
CapitaLand, CityDev to open doors to highly-anticipated Sengkang Central development on Oct 25
SINGAPORE (Oct 23): CapitaLand and City Developments (CDL) will commence the preview of the highly-anticipated Sengkang Grand Residences sales gallery on Friday, the property development giants say in a joint release.
October 23, 2019
Corporate moves
Ascott Residence Trust, Ascendas Hospitality Trust get over 99% approval from unitholders for proposed combination
SINGAPORE (Oct 22): The unitholders of Ascott Residence Trust (Ascott REIT) and Ascendas Hospitality Trust (A-HTRUST) have voted overwhelmingly in support of the proposed combination of the two hospitality real estate investment trusts.
October 22, 2019
REITs
Investors welcome new initiatives to develop international valuation standards
SINGAPORE (Oct 14): More than two years after minority unitholders of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana REIT) kicked up a ruckus over the valuation of three acquisition properties that they believed were overvalue
October 11, 2019