More than 70 per cent of the units at Park Regent – a joint-venture (JV) freehold residential development in Kuala Lumpur by mainboard-listed CapitaLand and Malaysia’s ParkCity Group – have been sold. Homebuyers have snapped up more than 353 of the total 505 units at an average of RM1,100 (S$365) per square foot, as at 6pm on Sunday, after the priority launch weekend. Malaysians made up 80 per...
Last Friday's completion of the acquisition of Liang Court mall along River Valley Road by CapitaLand and City Developments Ltd (CDL) brings together two property groups that have adopted somewhat different business strategies in the past. With their S$400 million purchase of the mall from an entity linked to PGIM Real Estate, control of the overall Liang Court mixed-development complex has narrowed...
CapitaLand has sold a group of companies that own and manage its self-storage business, StorHub, for an aggregate S$179.5 million to an unrelated and undisclosed buyer. Of the total aggregate, S$167.5 million is in outstanding shareholder loans owed by the group of companies to StorHub Group Pte Ltd and has been assigned to the buyer, who will pay in stages. StorHub Group Pte Ltd will continue to be...
CapitaLand paying for Ascendas-Singbridge with a 50:50 mix of cash and shares avoids over-gearing the company or issuing stock at too steep of a discount, said CapitaLand's president and group CEO Lee Chee Koon. CapitaLand is buying Ascendas-Singbridge from Temasek Holdings in a deal worth S$11 billion, which includes debt owed by Ascendas-Singbridge and a S$6 billion consideration to parent company...
Liang Court mall - famous at its peak as a Japanese expat haunt and for the Daimaru department store and supermarket - is expected to be sold to new owners for S$400 million. According to The Business Times, a put-and-call option agreement has been entered into between the owner, an entity linked to PGIM Real Estate, and CapitaLand and City Developments Ltd (CDL). CapitaLand's listed unit Ascott...
It will be big, but would it be beautiful? CapitaLand's S$11 billion proposed acquisition of from Temasek Holdings will place it among the top 10 real estate investment managers globally. It would not just elevate its global profile significantly but also result in a sizeable expansion and diversification. Assets under management (AUM) will hit S$116 billion across more than 30 countries from the...
Singapore's CapitaLand is buying the owner of a clutch of real estate investment trusts from state investor Temasek in a deal valued at S$11 billion that the developer said will create the largest diversified property group in Asia. CapitaLand will buy the holding companies of the business of the Ascendas-Singbridge Group, which manages Ascendas Real Estate Investment Trust, Ascendas India Trust and...
CapitaLand today initiated its ‘office of the future’ strategy aimed at engendering a culture of innovation, promoting talent attraction and retention and optimising cost efficiency for tenants of its office properties. While coworking spaces currently aim to fulfil these objectives, they are typically standalone spaces targeted at a specific pool of tenants. CapitaLand’s ‘office of the future’...
Property giant CapitaLand has snapped up 16 apartment blocks in four American metropolitan areas for US$835 million (S$1.14 billion), it announced yesterday. The firm said it made the investment - its first in this sector of the property market - to capitalise on the growing demand for long-term rental housing. The blocks, which comprise 3,787 units in suburbs of Seattle, Portland, Greater Los...
CapitaLand was recognised as the best real estate developer in Singapore for the second consecutive year according to the Euromoney Real Estate Survey 2018. The survey, now in its 14th year, is a ranking of leading firms involved in the real estate sector worldwide. Bagging a total of four awards, CapitaLand was also voted Singapore's top real estate developer in the retail and mixed sector...
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