CapitaLand

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CapitaLand Limited
Public company
Traded asSGX: C31
IndustryReal Estate, Retail, Residential, Commercial, REITs, Financial Services, Hospitality
Founded28 November 2000 (Merger between DBS Land & Pidemco Land)[1]
HeadquartersSingapore
Key people
  • Ng Kee Choe (Chairman)[2]
  • Lee Chee Koon (President & Group CEO)[3]
AUMS$92 billion (30 September 2018)[4]
Websitecapitaland.com
Capital Tower, the fifth tallest skyscraper in Singapore, is the corporate headquarters of CapitaLand.

CapitaLand Limited (simplified Chinese: 凯德集团; traditional Chinese: 凱德集團; pinyin: Kǎidé Jítuán) is one of Asia's largest real estate companies. Headquartered and listed in Singapore, it is an owner and manager of a global portfolio comprising integrated developments, shopping malls, lodging, offices, homes, real estate investment trusts (REITs) and funds. Present across more than 160 cities in over 30 countries, the Group focuses on Singapore and China as core markets while it continues to expand in markets such as Indonesia and Vietnam. The company also has one of the largest investment management businesses in Asia and a stable of five REITs[5] listed in Singapore and Malaysia – CapitaLand Mall Trust, CapitaLand Commercial Trust, Ascott Residence Trust, CapitaLand Retail China Trust and CapitaLand Malaysia Mall Trust.

On 13 January 2019, it announced that it will acquire Ascendas-Singbridge, a real estate group, from Temasek Holdings in a SGD 11 billion deal, subjected to shareholders' approval.[6][7]

On 20 February 2019, it said its 2018 net profit jumped 12.3%, the highest in a decade.[8]

Group structure[edit]

Real Estate Investment Units

  • CapitaLand Singapore, Malaysia and Indonesia[9]
  • CapitaLand China[10]
  • CapitaLand Vietnam[11]
  • CapitaLand International[12]

Global Operating Platforms

CapitaLand Investment Management[16]

CapitaLand has an Investment Management business which explores opportunities with the Group's business units to grow its private vehicles platform. It currently manages 16 real estate private vehicles.

Notable projects[edit]

CapitaLand is an owner and manager of integrated developments, shopping malls, lodging, offices and homes.

Integrated developments[edit]

CapitaLand's integrated developments include ION Orchard and The Orchard Residences,Ascott Orchard Singapore and Cairnhill Nine, as well as Raffles City, its flagship brand of integrated developments. Pioneered in Singapore with the opening of Raffles City Singapore in 1986, there are now eight other Raffles City developments in seven gateway cities in China, and Raffles City Chongqing integrated development in Chongqing, China. Current projects of CapitaLand in Singapore also include Capitaspring (Office tower+Serviced residence), a 280m tall skyscraper in Raffles Place CBD, Singapore.

Shopping malls[edit]

CapitaLand's retail portfolio spans Singapore, China, Malaysia, Japan and Cambodia. In Singapore, its portfolio includes Bedok Mall, Bugis Junction, Bugis+, Bukit Panjang Plaza, Funan, IMM, ION Orchard, JCube, Junction 8, Lot One, Plaza Singapura, Raffles City Singapore, Tampines Mall, The Star Vista and Westgate. CapitaLand is also jointly developing the upcoming Jewel Changi Airport with the Changi Airport Group.[17] Its malls in China include CapitaMall Xizhimen in Beijing, CapitaMall Hongkou in Shanghai and Raffles City Shanghai, CapitaMall SKY+ in Guangzhou and Suzhou Center. Its portfolio also includes Gurney Plaza and Queensbay Mall in Penang, Malaysia and Olinas Mall in Tokyo, Japan.

Serviced residences[edit]

The Ascott Limited, a wholly owned subsidiary of CapitaLand, pioneered Asia Pacific's first international-class serviced residence with the opening of The Ascott Singapore in 1984. In 2006, it established the world's first Pan-Asian serviced residence REIT, Ascott Residence Trust. Today, the company's serviced residence brands include Ascott, Citadines, Somerset, Quest, The Crest Collection and lyf. It has more than 600 properties in over 160 cities across more than 30 countries in the Americas, Asia Pacific, Europe, the Middle East and Africa.

Offices[edit]

CapitaLand's commercial spaces include Grade A offices and integrated developments across Singapore, China, Germany, Japan and Vietnam. Commercial office buildings in CapitaLand's portfolio include Asia Square Tower 2, Capital Tower,[18] CapitaGreen,[19] CapitaSpring,an upcoming 280m skyscraper in Raffles Place. Six Battery Road,[20] One George Street and Raffles City Tower in Singapore; Capital Square and Innov Center in Shanghai, China, as well as Main Airport Center and Gallileo in Frankfurt, Germany.

Homes[edit]

CapitaLand's residential developments include The Interlace,[21] d’Leedon, Sky Vue and Sky Habitat. CapitaLand's homes can be found in Singapore, China, Indonesia, Malaysia and Vietnam.

References[edit]

  1. ^ "Official Launch Of CapitaLand Group". CapitaLand. Retrieved 29 June 2019.
  2. ^ "Board". CapitaLand. Archived from the original on 1 December 2017. Retrieved 23 November 2017.
  3. ^ "CapitaLand Management". CapitaLand. Archived from the original on 27 June 2018. Retrieved 7 December 2018.
  4. ^ "Third quarter 2018 Financial Results Presentation" (PDF). CapitaLand. Archived (PDF) from the original on 9 December 2018. Retrieved 7 December 2018.
  5. ^ "REITs | CapitaLand". www.capitaland.com. Retrieved 14 August 2018.
  6. ^ "CapitaLand and Ascendas-Singbridge in S$11-billion deal to create Asia's largest diversified real estate group | CapitaLand". www.capitaland.com. Retrieved 1 March 2019.
  7. ^ "CapitaLand to buy real estate group Ascendas-Singbridge from Temasek in S$11b deal". Channel NewsAsia. Retrieved 1 March 2019.
  8. ^ "CapitaLand's 2018 net profit jumps 12% to 10-year high". Channel NewsAsia. Retrieved 21 February 2019.
  9. ^ "CapitaLand Singapore, Malaysia & Indonesia | CapitaLand". www.capitaland.com. Retrieved 14 August 2018.
  10. ^ "CapitaLand China | CapitaLand". www.capitaland.com. Retrieved 14 August 2018.
  11. ^ "CapitaLand Vietnam | CapitaLand". www.capitaland.com. Retrieved 14 August 2018.
  12. ^ "CapitaLand International | CapitaLand". www.capitaland.com. Retrieved 14 August 2018.
  13. ^ "CapitaLand Retail | CapitaLand". www.capitaland.com. Retrieved 14 August 2018.
  14. ^ "CapitaLand Commercial | CapitaLand". www.capitaland.com. Retrieved 14 August 2018.
  15. ^ "The Ascott Limited | CapitaLand". www.capitaland.com. Retrieved 14 August 2018.
  16. ^ "CapitaLand Investment Management | CapitaLand". www.capitaland.com. Retrieved 14 August 2018.
  17. ^ Kaur, Karamjit (21 March 2017). "Changi's Jewel shaping up well for sparkling start in 2019". The Straits Times.
  18. ^ "Capital Tower". CTBUH Skyscraper Center.
  19. ^ "CapitaGreen". CTBUH Skyscraper Center.
  20. ^ "6 Battery Road". CTBUH Skyscraper Center.
  21. ^ Natasha Ann Zachariah (6 November 2015). "The Interlace condo wins World Building of the Year at World Architecture Festival". The Straits Times. Retrieved 14 August 2018.