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CapitaLand
Broker's Calls
CapitaLand's merger with Ascendas-Singbridge to herald new growth era: DBS
SINGAPORE (May 27): DBS Group Research believes CapitaLand’s (CAPL) merger with Ascendas-Singbridge (ASB) will herald a new era of growth for the property group.
May 27, 2019
Property
CapitaLand injects two Shanghai office buildings to discretionary equity fund as seed assets
SINGAPORE (May 24): CapitaLand is injecting two prime Shanghai office buildings into CapitaLand Asia Partners I – the group’s maiden discretionary real estate equity fund which first closed on April 22 this year – as seed assets.
May 24, 2019
Asset management
Blackstone pushes 2018 global real estate AUM to US$3.2 trillion mark with a record-breaking year
SINGAPORE (May 22): Total real estate assets under management (AUM) for 2018 rose 12% to US$3.2 trillion ($4.4 trillion) from US$2.8 trillion in 2017, according to this year’s ANREV/INREV/NCREIF Fund Manager Survey.
May 22, 2019
Property
Funan office component said to hit 98% pre-leasing commitment at TOP
SINGAPORE (May 8): The manager of CapitaLand Mall Trust (CMT) and CapitaLand say the twin office blocks of Funan have secured a total pre-leasing commitment of 210,000 sq ft or 98% of its total office net lettable area (NLA) at the point of securing TOP i
May 10, 2019
Broker's Calls
CapitaLand kept at 'buy' by OCBC on backend-loaded year for China sales
SINGAPORE (May 3): OCBC Investment Research is maintaining its “buy” call on CapitaLand even though 1Q19 results missed OCBC and the street’s expectations.
May 03, 2019
In print this week
Ascendas Hospitality Trust rejigs portfolio to weather Aussie downdraft
SINGAPORE (Apr 29): Now that the shareholders have approved CapitaLand’s proposed merger with Ascendas-Singbridge, attention may turn to synergies and overlaps in the two companies. In particular, ASB’s hospitality arm, Ascendas Hospitality Trust (AHT
April 29, 2019
CapitaLand divests StorHub self-storage business for $185 mil
SINGAPORE (Apr 23): As part of its asset recycling strategy, CapitaLand is divesting its stake in the group of companies that own and manage the group’s self-storage business StorHub to an unrelated third party.
April 23, 2019
In print this week
CapitaLand dips its toes into new asset classes such as Jewel and multifamily housing as ASB merger is approved
SINGAPORE (Apr 22): Jewel Changi Airport — Singapore’s newest integrated development by CapitaLand and Changi Airport — is quite the talk of the town with its waterfall, jungle, shops, eateries and a YOTELAIR. It houses more than 2,000 trees and pal
April 22, 2019
Contracts
Ascott wins contracts to manage 14 new properties including three under lyf
SINGAPORE (Apr 9): The Ascott Limited, CapitaLand’s lodging business unit, has won contracts to manage 14 properties with over 2,000 units in China, Germany, India, Indonesia, Japan, Malaysia, Thailand and Saudi Arabia.
April 09, 2019
Commentary
Why CapitaLand's purchase of Ascendas-Singbridge isn't fair to minorities, and what can be done about it
SINGAPORE (April 8): CapitaLand has made a convincing case for why its proposed acquisition of the Ascendas-Singbridge group from Temasek Holdings is in its long-term interest. But it hasn’t demonstrated that its minority investors are being treated fai
April 07, 2019