SINGAPORE: CapitaLand has formed a programmatic joint venture to scale its multifamily asset portfolio in the United States of America (USA), a news release said. Through the joint venture, CapitaLand will have a strategic arrangement with its joint venture partner to acquire and develop multifamily assets totalling US$300 million (S$416.1 million) in gross asset value….
Tag: CapitaLand
CapitaLand divests malls in Japan and office building in Korea for S$448.7 million
SINGAPORE: CapitaLand has divested three retail malls in Japan and an office building in Korea for a total of S$448.7million as part of its ongoing portfolio reconstitution strategy. The buyers are unrelated third parties. The agreed value of the properties was arrived on a willing-buyer and willing-seller basis. In Japan, CapitaLand has divested La Park…
Ng Kee Choe to retire as Chairman of CapitaLand; Miguel Ko to be next Chairman
SINGAPORE: CapitaLand Limited announced that Mr Ng Kee Choe will retire as Chairman and director of CapitaLand at the conclusion of its next annual general meeting (AGM) scheduled for April 2021. Mr Miguel Ko, currently Deputy Chairman of CapitaLand, will succeed Mr Ng as Chairman when Mr Ng retires next year. This follows the completion…
CapitaLand and Shopee collaborate to accelerate digitalisation of Singapore retailers
SINGAPORE: CapitaLand Group and Shopee have joined together to pioneering new operating models to help Singapore retailers digitalise, diversify their revenue streams and export their brands overseas, to address ever-evolving consumer preferences in the current COVID-19 landscape. COVID-19 has significantly impacted the retail sector, and accelerated structural shifts, such as the rise in e-commerce and…
CapitaLand gears up for tenants’ return to its business parks and offices in Singapore
SINGAPORE: Singapore’s safe reopening underway, CapitaLand is working collaboratively with its ecosystem partners to safeguard the work space community at its business parks and offices against COVID-19. It is proactively leveraging the Group’s digital platforms such as CapitaStar@Work and Capita3Eats, and harnessing tech innovations such as contactless technologies, to help tenants adapt to the post-COVID-19…
CapitaLand enhances safety across its business parks in India
SINGAPORE: CapitaLand, one of Asia’s largest diversified real estate groups, is stepping up cleaning and adopting contactless technologies across its nine business parks in India to continue to provide a safe environment to tenants and employees amid the COVID-19 pandemic and beyond. The multi-layered measures are designed to minimise contact amongst people and surfaces, building…
CapitaLand launches ecommerce platforms to complement sales of shopping malls in Singapore
SINGAPORE: CapitaLand will be launching an ecommerce platform eCapitaMall, and an online food ordering platform Capita3Eats to complement sales of its shopping malls in Singapore. Both platforms will be accessible by the public via CapitaLand’s CapitaStar app and mall websites from 1 June 2020. eCapitaMall is a curated digital mall featuring the merchandise of retailers,…
CapitaLand recognised one of the world’s most sustainable corporations
SINGAPORE: CapitaLand Limited has been recognised as one of the world’s most sustainable corporations for the third consecutive year. CapitaLand was ranked 63 in the 2020 Global 100 ‘Most Sustainable Corporations In The World’ index by Corporate Knights Inc. This is CapitaLand’s eighth inclusion in the prestigious index. In Corporate Knights Inc’s analysis of company…
CapitaLand receives over 900,000 shoppers to Raffles City Chongqing
SINGAPORE: CapitaLand has added another feat to its track record of creating iconic integrated developments with the opening of Raffles City Chongqingin China. The largest mall to open in Chongqing this year and the latest must-visit destination in the bustling metropolis, Raffles City Chongqing registered a strong shopper traffic ofover900,000duringits opening weekend. Raffles City Chongqing…
More than 70% of units in CapitaLand’s and ParkCity’s JV residential development in Kuala Lumpur sold
SINGAPORE: Park Regent, CapitaLand’s joint venture residential development with Malaysia’s ParkCity Group, achieved strong sales at its priority launch in Kuala Lumpur, Malaysia. Ronald Tay, CEO of CapitaLand Singapore, Malaysia & Indonesia, Residential & Retail, said: “We are very encouraged by the positive response to Park Regent, which is more than 70% sold. The keen…