CapitaLand Group

CapitaLand to more than double AUM in India to $7 bil by 2024

SINGAPORE (Oct 1): Property group CapitaLand plans to grow its assets under management (AUM) in India to $7 billion by 2024 from $3.3 billion at present.

This was announced in Bangalore, India, on Tuesday by Lee Chee Koon, Capitaland's group CEO.

To hit the target, CapitaLand will invest capital to grow development pipeline and work with capital partners to grow fund management business in the next five years.

Yanlord clinches top spot; Oxley leads in ROE, Bukit Sembawang in shareholder returns

SINGAPORE (Sept 16): The property sector, together with finance, logistics and manufacturing, is the pillar of any modern economy. Scale is critical to success, and those with the financial muscle can steadily lever up to become even bigger.

Thirteen companies qualified for the property sector of the Billion Dollar Club, each with a market value above the billion-dollar treshold. The only industry sector with a higher number of qualifying companies was real estate investment trusts — with a total of 24 qualifying companies.

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CapitaLand's Raffles City Chongqing saw shopper traffic of 900,000 on opening weekend

SINGAPORE (Sept 9): Over 900,000 shoppers visited CapitaLand’s largest Raffles City development, Raffles City Chongqing, during the mall’s opening weekend. 

The mall is the largest to open in Chongqing this year, with about 40% of the 400 international and local brands being new-to-market brands, flagships or new concepts – including C&A, Old Navy and GAP. 

The 235,000 sqm shopping mall was the first component in the 1.12 million sqm megastructure to open its doors to the public on Friday. 

China presses ahead with GBA strategy despite trade war and slowdown

SINGAPORE (Aug 26): With or without the ongoing US-China trade war and a global economic slowdown, the Middle Kingdom continues to press ahead with its Greater Bay Area plans, which would eventually lead to the area gaining developed-market status. Banks, developers and tech companies are all on board. At least three listed companies — two in Singapore and one in Hong Kong — have articulated a GBA strategy that should reap earnings for shareholders.

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Singapore’s beloved REITs could see more growth on possible rule change

(Aug 2): Investors in Singapore’s much-loved real estate investment trusts (REITS) may soon have another reason to cheer, as the central bank considers looser debt rules that could spur more acquisitions by property managers.

CapitaLand partners Sembcorp to install solar farms atop 6 properties in Singapore

SINGAPORE (July 9): CapitaLand will partner with Sembcorp Industries to install about 21,240 rooftop solar panels atop six CapitaLand properties by the end of this year, forming the largest combined rooftop solar facility in Singapore by a real estate company.

The solar farms aim to collectively generate over 10,000 megawatt hours of energy annually. This much energy is equivalent to powering about 2,300 four-room HDB flats a year.

CapitaLand's 1Q earnings decrease 7.4% to $296 mil on lower contributions from Singapore & China markets

SINGAPORE (April 30): CapitaLand reported earnings of $295.6 million for the 1Q ended March, down 7.4% from 1Q18 earnings of $319.1 million due to lower operating profit after tax and minority interests (PATMI) and lower the write-back of impairments.

Funan to open Singapore's first O&O shopping mall ahead of schedule in 2Q19

SINGAPORE (Sept 28): CapitaLand Mall Trust (CMT) on Friday announced that Funan will be opening Singapore’s first online-and-offline (O&O) shopping mall and its office components in 2Q19 instead of 3Q19 as scheduled.

See: CapitaLand and WeWork co-create office of the future at Funan

The O&O shopping mall will integrate online, offline, data and logistics to empower retailers’ omnichannel strategy and transform customer experience.

CapitaLand CIO Lee Chee Koon to succeed Lim Ming Yan as president & group CEO

SINGAPORE (Aug 29): CapitaLand has appointed its current group chief investment officer (CIO), Lee Chee Koon, to succeed Lim Ming Yan as president and group CEO with effect from 15 Sept.

Since Lee joined CapitaLand in 2007, he has held several positions within the group including CEO of The Ascott Limted, CapitaLand’s wholly-owned serviced residence business.

The announcement comes after news of Lim’s notice of retirement, which was given in June.

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