CAPITALAND is adding multifamily apartments as a new asset class to its portfolio with its maiden acquisition of 16 properties in the United States for US$835 million.

The US deal marks the property developer's foray into the multifamily asset class. The post Singapore’s CapitaLand buys US rental housing assets for $835m appeared first on DealStreetAsia.

Submitted By:  Luz Wendy Noble Case Study:  No The 3,787 apartment units have an average occupancy rate of over 90%. CapitaLand forays into the multifamily asset cl...

SINGAPORE (Sept 18): CapitaLand has acquired a portfolio of 16 freehold, Class B multifamily properties in the US for US$835 million ($1.14 billion). The portfolio comprises 3,787 apartment units in the suburban communities of Seattle, Portland, Greater Los Angeles and Denver, the sale and purchase ...

CAPITALAND has acquired 16 multifamily properties in the US for US$835 million, the real estate developer announced on Tuesday morning.

SINGAPORE (Sept 17): The Ascott Limited, CapitaLand’s serviced residence business unit, is investing about US$26 million ($35.8 million) for a 70% stake in Green Oak Hotel Management, the holding company for Tauzia Hotel Management. This is Ascott’s first major move into the lodging segment beyo...

CAPITALAND has invested US$25.9 million for a 70 per cent share in Indonesian company Green Oak Hotel Management (GOHM), the real estate developer announced on Monday.

CAPITALAND Limited has invested US$25.9 million for a 70 per cent share in Indonesian company Green Oak Hotel Management (GOHM), the real estate developer announced on Monday.

SINGAPORE (Sept 13): CapitaLand Commercial Trust has signed a one-year lease extension for the whole office building at 21 Collyer Quay with The Hongkong and Shanghai Banking Corporation (HSBC). The total rent payable by HSBC for the extended term starting April 30, 2019, will be $27.7 million, or e...

Submitted By:  Danielle Isaac Case Study:  No As HSBC is extending the lease for only one year, this indicates a high likelihood that the company will be vacating 2...

HSBC, the sole tenant of the HSBC Building at 21 Collyer Quay, has signed a one-year lease extension with landlord CapitaLand Commercial Trust (CCT).

SINGAPORE (Sept 11): RHB Research is maintaining “neutral” on the real estate sector with a flattish price outlook for 2H18, and expectations that primary transactions will decline 10% y-o-y in 2018 with no near-term catalysts for players with larger exposure to the local residential sector. The...

SINGAPORE (Sept 10): CapitaLand Mall Trust (CMT) has been a safe harbour for investors and is starting to emerge as a growth play. And as the retail sector bottoms out, 2019 could be a chance for CMT to shine as full contributions from Westgate and the return of Funan takes DPU back on a multi-year ...

CREDIT ratings agency Moody's Investors Service on Thursday changed the outlook on all CapitaLand Mall Trust's (CMT) ratings from "stable" to "negative", following CMT's announcement earlier this week that it will acquire the remaining 70 per cent stake in ...

CAPITALAND has bought a 60,732 square metre prime residential site in Ho Chi Minh City, Vietnam, for 1.38 trillion Vietnamese dong (S$81.4 million) in cash, the property developer said on Thursday during the midday trading break.

SINGAPORE (Aug 30): CapitaLand is acquiring a prime site in Ho Chi Minh City for VND1,380 billion ($81.4 million) to build more than 100 landed residential units. Measuring over 60,000 sqm in total area, CapitaLand is set to build on this site its 13th residential development in Vietnam, targeted fo...

CREDIT ratings agency Moody's Investors Service on Thursday changed the outlook on all CapitaLand Mall Trust's (CMT) ratings to "negative" from "stable", following CMT's announcement earlier this week that it will acquire the remaining 70 per cent stake in...

CAPITALAND has bought a 60,732 square metre prime residential site in Ho Chi Minh City, Vietnam, for 1.38 trillion Vietnamese dong (S$81.4 million) in cash, the property developer said on Thursday during the midday trading break.

CREDIT ratings agency Moody's Investors Service on Thursday changed the outlook on all CapitaLand Mall Trust's (CMT) ratings to "negative" from "stable", following CMT's announcement earlier this week that it will acquire the remaining 70 per cent stake in...

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 L...

SINGAPORE: The current chief investment officer of CapitaLand Group, Lee Chee Koon, will be appointed as the firm's new President and Group CEO from Sep 15, said the company in a news release on Tuesday (Aug 28). He will be taking over from Lim Ming Yan who announced his plans to retire from h...

SINGAPORE (Aug 28): Singapore’s current property market is not in bubble territory and neither is is expected to crash in response to the latest cooling measures, says Savills. In fact, revised pricing outlook for the primary residential market is still positive and prices are expected to increase...

SINGAPORE (Aug 28): Capitaland Mall Trust (CMT) announced it was acquiring the balance 70% of the units in Infinity Mall Trust (IMT) which holds Westgate mall. See: CapitaLand Mall Trust to acquire remaining 70% stake in Westgate for $790 mil CMT says the acquisition will increase exposure to the Ju...

Submitted By:  Luz Wendy Noble Case Study:  No The transaction is targeted for completion by Q4 2018, depending on unitholders' approval. CapitaLand Mall Trust ...

The sale will see CapitaLand get a net gain of about S$99.2 million ($73 million) with the deal based on Westgate’s total market value at S$1.13 billion ($829 million). The post CapitaLand divests 70% stake in SG’s Westgate for $291.6m appeared first on DealStreetAsia.

AS PART of its capital recycling exercise, property developer CapitaLand on Monday said that it has agreed to sell to CapitaLand Mall Trust (CMT) its 70 per cent stake in Westgate - the retail component of an integrated retail and office development in Jurong - for S$789.6 million.

AS part of its capital recycling exercise, property developer CapitaLand on Monday said that it has agreed to sell to CapitaLand Mall Trust (CMT) its 70 per cent stake in Westgate – the retail component of an integrated retail and office development in Jurong - for S$789.6 million.

SINGAPORE (Aug 27): CapitaLand Mall Trust (CMT) is acquiring the remaining 70% stake in Westgate mall for $789.6 million from controlling unitholder CapitaLand. Including acquisition-related expenses, CMT’s total acquisition outlay is estimated at $805.5 million. The acquisition is based on an agr...

SINGAPORE: Fourteen Singapore companies, including Ascendas-Singbridge, YCH Group, CapitaLand and ComfortDelGro, signed agreements on Friday (Aug 24) to collaborate with Chinese companies in Guangdong province.  The agreements were witnessed by Singapore's Education Minister Ong Ye Kung and ...

SINGAPORE (Aug 23): CapitaLand’s recent acquisitions in Singapore and China show continued efforts to recycle capital and rebalance its portfolio mix, say analysts. Recently, CapitaLand acquired a Sengkang Central mixed-use site in partnership with City Developments with a winning bid of $777.8 mi...