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CapitaLand
M&A
Ascott acquires $192 mil freehold property in Sydney through global fund with QIA
SINGAPORE (Sept 27): Ascott, the lodging business wholly owned by CapitaLand, is investing $192 million in a freehold serviced residence in the central business district of North Sydney.
September 27, 2019
Sustainability
CapitaLand receives international recognition for sustainability efforts
SINGAPORE (Sept 17): CapitaLand has been listed on Dow Jones Sustainability World Index and the Global Real Estate Sustainability Benchmark, receiving international recognition for its sustainability efforts.
September 17, 2019
Environmental, Social and Governance
City Developments, Sembcorp Industries and CapitaLand top sustainability class
SINGAPORE (Sept 16): Real estate and hotel group City Developments tops the table in The Edge Singapore’s Billion Dollar Club sustainability category, which measures a company’s commitment to strong environmental, social and governance principles. Mar
September 13, 2019
Property
CapitaLand divests entire stake in Chongqing property for $19.6 mil
SINGAPORE (Aug 29): Property group CapitaLand is divesting Somerset Jiefangbei Chongqing in China.
August 29, 2019
Investing ideas
Better second half expected of CapitaLand on higher residential sales and ASB M&A
SINGAPORE (Aug 21): CapitaLand, South-east Asia’s largest property group, is expected to have a better 2H19 now that assets under management have expanded to $129.1 billion after the acquisition of Ascendas-Singbridge (ASB).
August 21, 2019
Labour market
CapitaLand to invest $5 mil to build employees' digital skills
SINGAPORE (Aug 14): CapitaLand announced Wednesday it will invest $5 million over two years to build up the digital competencies of more than 2,600 employees.
August 14, 2019
Investing ideas
CapitaLand 1H net profit falls 5.3% excluding ASB consolidation; deleveraging and 2H recovery on track
SINGAPORE (Aug 12): This year, CapitaLand held its 2QFY2019 and 1HFY2019 results briefing in the atrium of Funan (before the shops opened) instead of the auditorium at Capital Tower. Top management had ditched their suits and ties for a more informal look
August 12, 2019
Results
CapitaLand reports 4.2% lower 2Q earnings of $580 mil on lower contributions from Singapore, China projects
SINGAPORE (Aug 7): CapitaLand reported earnings of $579.8 million, or 13.9 cents per share, for 2Q19, 4.2% lower compared to earnings of $605.5 million in 2Q18
August 07, 2019
Property
More than 70% of CapitaLand and ParkCity’s Park Regent sold at priority launch
SINGAPORE (July 30): Park Regent, CapitaLand’s joint venture residential development with Malaysia’s ParkCity Group, reported strong sales at its priority launch which took place from July 27 to 28.
July 30, 2019
Property
CapitaLand achieves 95% retail leasing for Raffles City Chongqing ahead of opening
SINGAPORE (July 29): CapitaLand’s Raffles City Chongqing has achieved 95% leasing rate for its retail component ahead of its opening in September.
July 29, 2019