Profile: CapitaLand Limited (CLLDY.PK)
5 Dec 2013
CapitaLand Limited, incorporated on January 5, 1989, is a real estate company. The principal activities of the Company are those relating to investment holding and consultancy services. As of December 31, 2012, the Company’s businesses in real estate, hospitality and real estate financial services were focused in Asia Pacific and Europe. The Company’s real estate and hospitality portfolio, which includes homes, offices, shopping malls, serviced residences and mixed developments, spans more than 110 cities in over 20 countries. The Company’s segments are CapitaLand Residential Singapore, CapitaLand China Holdings, CapitaLand Commercial, Ascott, CapitaLand Financial, CapitaValue Homes, CapitaMalls Asia, Australand and Others. In September 2013, it announced the establishment of a wholly owned subsidiary Ascott 1 Pte. Ltd., and announced the merger of its wholly owned subsidiaries, CapitaLand Management (China) Co., Ltd. (CMCC) and CapitaLand Management Consulting (Shanghai) Co., Ltd. (CMC). In October 2013, the Company established Ascott 1 GK. In October 2013, CapitaLand Limited announced that three dormant wholly owned subsidiaries Allanite Pte Ltd, Natrolite Pte Ltd, and Sagenite Pte Ltd incorporated in Singapore have been dissolved. In October 2013, the Company announced the sale of Technopark@Chai Chee (the Property) through its wholly-owned subsidiary, Wan Tien Realty (Pte) Ltd (WTR) to The Trust Company (Asia) Limited in its capacity as trustee of Viva Industrial Real Estate Investment Trust. In October 2013, the Company’s subsidiary, Adelphi Property Pte Ltd had dissolved. In November 2013, the Company completed the sale of Technopark@Chai Chee. In November 2013, the Company announced it has incorporated a wholly owned subsidiary, namely Ascott 2 Pte. Ltd. In November 2013, Australand Property Group announced that CapitaLand Limited, announced the sale of Australand stapled securities. As a result of the sale, CapitaLand’s interest in Australand will decrease from 59.1% to 39.1%. In December 2013, the Company announced that it has completed the acquisition of 70% interest in Shanghai Guang Chuan Property Co., Ltd.
In June 2013, the Company announced the incorporation of Guangzhou New Boundary Real Estate Co., Ltd. In June 2013, CapitaLand Ltd announced the acquisition of a 70% interest in Shanghai Guang Chuan Property Co., Ltd. In June 2013, CapitaLand Limited announced that the completion of the divestment of Somerset Heping Shenyang by Heping Investments (BVI) Limited to DBS Trustee Limited, the trustee of Ascott Residence Trust (Ascott REIT) through the sale of the entire equity interest in Heping Investments (Hong Kong) Limited (Heping HK). In July 2013, CapitaLand Limited announced the establishment of wholly owned subsidiary Ascott Holdings (Germany) N.V. In July 2013, CapitaLand Limited voluntarily liquidated George Street Pte Ltd. In July 2013, CapitaLand Limited announced the establishment of the wholly owned subsidiaries, which include Somerset Holdings (Hong Kong) Pte. Ltd and Somerset Investments (HK) Pte. Ltd. In August 2013, CapitaLand Limited announced that StorHub Songjiang (Shanghai) Co., Ltd has been dissolved. In August 2013, CapitaLand Limited announced that Calomel Pte Ltd has been dissolved. In August 2013, CapitaLand Limited announced that its Plushland Sdn. Bhd. has been dissolved.
In January 2013, the Company dissolved CapitaLand Hong Kong Investment (BVI) Limited (CLHKI). In February 2013, the Company dissolved CapitaLand (HK) Consultancy and Management Limited. In February 2013, the Company's subsidiary, Temasek Tower Limited was dissolved. In March 2013, LCR Drayton Pte Ltd and Stanhope Investments Pte Ltd were dissolved. In April 2013, Prime Equities Pte Ltd was dissolved. In April 2013, the Company dissolved Shanghai Ning Xin Real Estate Development Co., Ltd. and CapitaLand Nippon Investments Pte. Ltd. In April 2013, the Company announced the liquidation of Beijing Orchid Garden Real Estate Development Co., Ltd. In April 2013, the Company acquired an additional 38% interest in each of StorHub Holding Pte Ltd and StorHub Management Pte Ltd, and became wholly owned subsidiary of the Company. In May 2013, the Company announced the establishment of Shanghai Zhong Da Industry Development Co Ltd.
CapitaLand Residential Singapore
The CapitaLand Residential Singapore segment develops residential properties in Singapore for sale and covers a spectrum of the residential market in Singapore.
CapitaLand China Holdings
CapitaLand China Holdings is involved in the residential, commercial and integrated property development in China.
CapitaLand Commercial is the owner/manager of commercial and industrial properties in Singapore, Malaysia and United Kingdom. It also develops residential projects in Malaysia.
CapitaMalls Asia is a shopping mall owner/manager with portfolio in Singapore, China, India, Japan and Malaysia.
Ascott is an international serviced residence owner-operator with operations in the cities of Asia Pacific, Europe and the Gulf region. It operates three brands, namely Ascott, Somerset and Citadines. The Ascott Limited (Ascott) is CapitaLand’s serviced residence business unit. Through a series of investments and management contracts, Ascott expanded its portfolio to over 31,000 apartment units in 222 properties across more than 70 cities. It invested to develop 11 properties with more than 2,000 apartment units in nine cities-Ahmedabad, Bangalore, Chennai and Hyderabad in India; Shanghai in China; Hai Phong in Vietnam; Frankfurt and Hamburg in Germany; and Paris in France. Ascott secured management contracts for 23 properties with over 4,000 apartment units in 20 cities, including Beijing, Chengdu, Foshan and Macau SAR in China; Cyberjaya, Nusajaya and Petaling Jaya in Malaysia; Hanoi and Ho Chi Minh City in Vietnam; and Muscat in Oman.
CapitaLand Mixed Developments
CapitaLand has a portfolio of eight Raffles City developments in Singapore and China. Eight of the nine Raffles City developments are in China with two operational during 2012. The eight Raffles City projects are in Shanghai, Beijing, Chengdu, Hangzhou, Ningbo, Shenzhen and Chongqing.
The Company’s CapitaValue Homes segment develops value housing projects in China and Vietnam. During 2012, CapitaValue Homes pipeline of value homes was over 6,600 units in the cities of China and Vietnam. Of these, approximately 5,000 units were in China. CapitaValue Homes acquired two sites in Shanghai’s Pudong District and Guangzhou’s Panyu District in China. In Vietnam, CapitaValue Homes partnered Khang Dien to jointly develop PARCSpring into 974 value homes located at the fringe of the city centre in District 2, Ho Chi Minh City. During 2012, it also partnered Quoc Cuong to jointly develop about 800 value homes in Binh Chanh District, a new urban area in Ho Chi Minh City.
CapitaLand Financial segment is involved in real estate fund management and financial advisory services. It has created six real estate investment trusts (REITs) and 21 real estate private equity funds, all REITS and 15 funds were still under its management during 2012.
Australand is a diversified property group with activities in residential, commercial and industrial developments and investment properties across Australia. Australand is a subsidiary of CapitaLand. Operating in the residential, commercial and industrial markets, Australand’s activities include the development of residential land, housing and apartments and the development of, and investment in, income producing commercial and industrial properties.
Surbana’s two businesses are building consultancy and township development. Surbana International Consultants (SIC) provides full-service building consultancy solutions, including urban planning, architecture, engineering, quantity surveying, project and construction management, coastal engineering and infrastructure, building technology, design and city management.
#30-01 Capital Tower, 168 Robins
Company Web Links
- BRIEF-Shui On Land to sell Shanghai Property project to China Life Trustees
- CapitaLand prices Australand stake sale at bottom end of range, yielding $400 mln
- UPDATE 1-CapitaLand flipflops on Australand investment, cutting stake
- CapitaLand starts placement to cut stake in Australand
- BRIEF-Shui On Land says unit seeking to obtain approval of holders of RMB and dollar notes to amend notes indenture