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
CityDev, CapitaLand lead consortium to redevelop Liang Court site at Clarke Quay

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
CapitaLand to sell The Star Vista for $296 mil, bringing divestments year-to-date to $5.7 bil

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.

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.

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.

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.
CapitaLand, CDL preview Sengkang Grand Residences venture

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
CapitaLand, CityDev to open doors to highly-anticipated Sengkang Central development on Oct 25

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.

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.

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
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