CapitaLand
CapitaLand Limited is a Singaporean multinational alternative asset management company focusing on real estate, infrastructure and private equity. Headquartered and listed in Singapore, it is one of Asia's largest real estate companies and is the owner and manager of a global portfolio comprising integrated developments, shopping malls, lodging, offices, homes, real estate investment trusts and funds.
Present across more than 200 cities in over 30 countries, the company focuses on Singapore and China as its core markets while it continues to expand in markets such as India, Vietnam, Australia, Europe and the USA. The company also has one of the largest investment management businesses globally, and a stable of seven listed real estate investment trusts and business trusts, as well as over 20 private funds. Since it pioneered REITs in Singapore with the listing of CapitaLand Mall Trust in 2002, CapitaLand’s REITs and business trusts have expanded to include Ascendas Real Estate Investment Trust, CapitaLand Commercial Trust, Ascott Residence Trust, CapitaLand Retail China Trust, Ascendas India Trust and CapitaLand Malaysia Mall Trust.
History
On 12 July 2000, DBS Land and Pidemco Land announced a merger to form a company eventually owning about $18 billion in assets, making it the largest listed property company in Southeast Asia when completed. Although this followed a new measure imposed by Monetary Authority of Singapore to separate financial and non-financial activities of banking groups on 21 June 2000, DBS Bank had already divested most of its investments in DBSL and was holding 5.4% of DBSL, well below the 20% shareholding threshold for non-core banking activities under the new measure. More details of the merged entity were given on 31 July 2000. Named as CapitaLand on 6 September 2000, the merger was approved by shareholders on 18 October 2000 and was thus officially launched on 28 November 2000.On 13 September 2012, CapitaLand announced that it was listed on the Dow Jones Sustainability Asia Pacific Index in recognition of its sustainability efforts. It has been listed on the Index since then.
On 14 January 2019, the Group announced that it would acquire Ascendas-Singbridge, a real estate group, from Temasek Holdings in an S$11b deal, which is approved by 90% of shareholders on 12 April 2019. The acquisition was completed on 30 June 2019.
On 20 February 2019, CapitaLand said that its 2018 net profit jumped 12.3%, the highest in a decade.
On 3 July 2019, it announced that Ascott Residence Trust and Ascendas Hospitality Trust would be merged, forming Asia's largest hospitality trust with S$7.6b in combined assets. This comes after the successful acquisition of Ascendas-Singbridge on 30 June 2019.
Group structure
Real Estate Investment Units- CapitaLand Singapore
- CapitaLand China
- CapitaLand Japan
- CapitaLand Indonesia
- CapitaLand Vietnam
- CapitaLand International
- CapitaLand Retail
- CapitaLand Commercial
- The Ascott Limited
CapitaLand has an Investment Management business that explores opportunities with the Group's business units to grow its private vehicles platform. It currently manages 16 real estate private vehicles.
Notable projects
CapitaLand’s portfolio spans across diversified real estate classes which includes commercial, retail; business park, industrial and logistics; integrated development, urban development; as well as lodging and residential.Integrated developments
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 nine other Raffles City developments in seven gateway cities in China, including Raffles City Chongqing. Current projects of CapitaLand in Singapore also include CapitaSpring, a 280m tall skyscraper in Raffles Place.Shopping malls
CapitaLand's retail portfolio spans Singapore, China, Malaysia, Japan, Cambodia and Vietnam. In Singapore, its 19 malls include Bedok Mall, Bugis Junction, Bugis+, Funan, IMM, ION Orchard, JCube, Plaza Singapura, Raffles City Singapore, Westgate, Jewel Changi Airport and Junction 8. It owns 51 malls in China, including CapitaMall Xizhimen in Beijing, CapitaMall Hongkou in Shanghai and Raffles City Shanghai, CapitaMall SKY+ in Guangzhou, Suzhou Center, and Raffles City Chongqing. Its portfolio in Malaysia and Japan includes Gurney Plaza and Queensbay Mall in Penang, Malaysia; and Olinas Mall and La Park Mizue in Tokyo.In June 2019, CapitaLand, partnering with City Developments Limited, acquired Liang Court from mall operator AsiaMalls, an entity linked to PGIM Real Estate, for S$400 million. Before co-owning the mall with CDL, CapitaLand, via Ascott Residence Trust, owned and managed Somerset Liang Court Singapore, attached to Liang Court mall.
In November that same year, CapitaLand sold The Star Vista to co-owner Rock Productions for US$217 million. Currently, Rock Productions, owned by New Creation Church, is exploring possibilities for CapitaLand to continue operating and managing the mall on its behalf.
| Singapore | Malaysia | China | Japan | Cambodia | Vietnam |
| Bedok Mall | Sungei Wang, KL | CapitaMall Crystal, Beijing | Vivit Minami-Funabashi | The Peak | Faifo Lane |
| Bugis Junction | Melawati Mall, KL | CapitaMall Grand Canyon, Beijing | Coop Kobe Nishinomiya Higashi | The Oxygen | |
| Bugis+ | The Mines, KL | CapitaMall Shuangjing, Beijing | Seiyu & Sundrug, Saitama | ||
| Bukit Panjang Plaza | East Coast Mall, Kuantan | CapitaMall Taiyanggong, Beijing | La Park Mizue, Tokyo | ||
| Clarke Quay | 3 Damansara, Petaling Jaya | CapitaMall Tiangongyuan, Beijing | Olinas Mall, Tokyo | ||
| Funan | Queensbay Mall, Penang | CapitaMall Wangjing, Beijing | |||
| IMM | Gurney Plaza, Penang | CapitaMall Xizhimen, Beijing | |||
| ION Orchard | Raffles City Beijing | ||||
| JCube | CapitaMall ONE, Changsha | ||||
| Jewel Changi Airport | CapitaMall Yuhuating, Changsha | ||||
| Junction 8 | CapitaMall Jinniu, Chengdu | ||||
| Liang Court | CapitaMall Leshijie, Chengdu | ||||
| Lot One Shoppers' Mall | CapitaMall Meilicheng, Chengdu | ||||
| Plaza Singapura | CapitaMall Tianfu, Chengdu | ||||
| Raffles City Singapore | CapitaMall Xinnan, Chengdu | ||||
| Singpost Centre | Raffles City, Chengdu | ||||
| Tampines Mall | Raffles City Chongqing | ||||
| The Atrium @ Orchard | CapitaMall Peace Plaza, Dalian | ||||
| The Star Vista | CapitaMall 180, Foshan | ||||
| Westgate | CapitaMall SKY+, Guangzhou | ||||
| Rock Square, Guangzhou | |||||
| THE GRAND CITY, Guangzhou | |||||
| Raffles City Hangzhou | |||||
| CapitaMall Aidemengdun, Harbin | |||||
| CapitaMall Xuefu, Harbin | |||||
| CapitaMall Saihan, Huhhot | |||||
| Yuquan Mall, Huhhot | |||||
| CapitaMall Fucheng, Mianyang | |||||
| Raffles City Ningbo | |||||
| CapitaMall Xinduxin, Qingdao | |||||
| CapitaMall Rizhao, Rizhao | |||||
| Alibaba Shanghai Center, Shanghai | |||||
| Capital Square, Shanghai | |||||
| CapitaMall Hongkou, Shanghai | |||||
| CapitaMall LuOne, Shanghai | |||||
| CapitaMall Minhang, Shanghai | |||||
| CapitaMall Qibao, Shanghai | |||||
| Raffles City Changning, Shanghai | |||||
| Raffles City Shanghai | |||||
| Raffles City The Bund, Shanghai | |||||
| Raffles City Shenzhen | |||||
| Suzhou Center, Suzhou | |||||
| CapitaMall TianjinOne, Tianjin | |||||
| Tianjin Int'l Trade Center, Tianjin | |||||
| CapitaMall 1818, Wuhan | |||||
| CapitaMall Minzhongleyuan, Wuhan | |||||
| CapitaMall Westgate, Wuhan | |||||
| CapitaMall Wusheng, Wuhan | |||||
| CapitaMall Xindicheng, Xi'an | |||||
| CapitaMall Yujincheng, Xi'an | |||||
| CapitaMall Erqi, Zhengzhou |