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Retail Asia02/12/2020

Capitaland has divested three malls in Japan and an office building in South Korea for a total of S$448.7 million, as part of its ongoing portfolio reconstitution strategy, it said Tuesday morning in an exchange filing. It also announced that it has made its first foray into Japan’s logistics sector, entering into a joint venture […]

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Retail Asia20/11/2020

The Singapore-based property developer has secured its first three green loans in India, from DBS and HSBC, totaling INR 17 billion ($230 million). CapitaLand’s first foray into sustainable finance in India will be used to finance the development of its green-certified International Tech Parks in Chennai, Gurgaon and Pune, it announced in a statement on Wednesday. […]

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Retail Asia02/11/2020

Shopping center operator CapitaLand Malaysia Mall Trust suffered a 17.2 percent hit to quarterly income, which was knocked down to $6.08 million for the third quarter. The fall was largely attributed to higher levels of vacancies and the rental relief granted to tenants under Malaysia’s Recovery Movement Control Order – an order that has been […]

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Retail Asia26/10/2020

Property giant CapitaLand said it will further waive and potentially defer rent for qualifying small and medium-sized enterprise (SME) tenants, though this will lead to an “adverse impact” on its earnings this year. The move is in accordance with the latest Covid-19 (Temporary Measures) (Amendment) Bill in Singapore, which requires landlords to provide SME tenants with additional rental […]

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Retail Asia30/07/2020

China’s nationwide lockdown to combat Covid-19 and provisions for tenant relief saw CapitaLand Retail China Trust’s net property income slip in the June half-year. The trust’s manager, CapitaLand Retail China Trust Management has reported an NPI of US$47 million, down 17.9 percent on the same period a year earlier. The figure also reflected the absence of […]

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Retail Asia02/06/2020

CapitaLand Singapore plans to roll out “innovative tech solutions” in its properties as the city-state prepares for phase one reopening tomorrow, June 2. Among the measures: anti-microbial coating for high-contact areas including lifts and lift buttons, door entrance buttons, handrails, touch screens, toilet cubicles and basins, family rooms and customer service counters; disinfected floor mats […]

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Retail Asia26/05/2020

CapitaLand has launched new e-commerce and food ordering platforms in Singapore. The new eCapitaMall and Capita3Eats services are aiming to drive sales for retailers at its shopping malls during Singapore’s Phase 1 safe reopening protocol, as the country starts pulling itself out of the coronavirus lockdown. Both platforms will be accessible via the firm’s CapitaStar […]

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Retail Asia26/02/2020

Mall owner-operator CapitaLand is introducing additional support measures to its mall tenants as the coronavirus outbreak continues. CapitaLand has been offering flexible rental payments and a one-time rebates to its mall tenants in a targeted manner and will release a one-month security deposit to offset rental payments for this March. The group met with representatives […]

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Retail Asia14/02/2020

Capitaland is taking measures to support its 3500 retail tenants across its malls in Singapore in the midst of the coronavirus epidemic. The support includes a SGD10 million (US$7.2 million) marketing assistance program. While Capitaland’s malls’ operating hours will remain as standard – from 10 am to 10 pm – stores may open from as […]

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Retail Asia30/01/2020

CapitaLand has closed six shopping malls in China in wake of the coronavirus outbreak and set up a task force to coordinate its response across its operations in China and other markets where it operates. The Singapore-headquartered company says it has also put in place business continuity plans under the leadership of Manohar Khiatani, its […]

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Retail Asia21/01/2020

Singapore property developer CapitaLand is set to refurbish the Bugis Village and Bugis Street retail spaces after winning a tender to manage both from the Singapore Land Authority. CapitaLand told selected media outlets that it will build on the existing character and heritage of the sites when it takes over the management on April 1 […]

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Retail Asia28/11/2019

CapitalLand has signed an agreement to sell The Star Vista to Rock Productions for S$296 million (US$217 million). The deal is about 13 percent higher than the property was valued at last June. Opened in 2012, The Star Vista shopping mall has a net lettable area of about 162,500sqft with major tenants including Beauty in […]

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Retail Asia24/09/2019

Capitaland has opened a Raffles City mall in Chongqing, China. The first component in the 1.12 million sqm megastructure to be opened to the public was the development’s 235,000sqm shopping mall, which launched on September 6 with 95 percent committed occupancy. About 40 per cent of the more than 400 international and local brands are […]

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Retail Asia24/09/2019

The real estate company has hired a China specialist to support the firm’s development in China. Singapore-based real estate company CapitaLand has hired former OCBC head of China, Kng Hwee Tin to the newly created role of CEO, finance and corporate services, China. She will start on October 1 and will be based in Shanghai. She reports to Andrew Lim, […]

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Retail Asia12/08/2019

Introducing fresh retail concepts and organizing more shopper-centric initiatives weren’t enough to prevent a 5.7 percent fall in net property income (NPI) for CapitaLand Malaysia Mall Trust (CMMT) in the first half of this year. CapitaLand Malaysia Mall REIT Management (CMRM), which manages the trust, (US$25 million) for the period, down from 110.4 million ($26.8 […]

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Retail Asia06/08/2019

CapitaLand Mall Trust (CMT), has achieved net property income (NPI) of S$273.3 million for the half year to June 30. That represents a 10-per-cent increase on the same period last year, boosted by the 100-per-cent contribution of Westgate, of which the trust acquired the balance 70 per cent interest during the fourth quarter of last […]

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Retail Asia22/07/2019

unan, one of Singapore’s best-known and most enduring retail icons, reopens its doors to shoppers today after three years of redevelopment, starting a new chapter in its storied evolution. Home to a rich variety of more than 190 brands clustered around six passion themes Tech, Craft, Play, Fit, Chic and Taste, the new Funan is […]

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Retail Asia10/05/2019

Stronger rental growth and lower operating expenses boosted CapitaLand Retail China Trust’s income by 10.7 per cent in the first quarter. According to CapitaLand Retail China Trust Management Limited (CRCTML), the manager of CRCT, net property income reached RMB198.9 million for the three months to March 31, up from RMB179.6 million in the same period […]

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Retail Asia09/05/2019

CapitaLand announced today that it has divested its interests in a group of companies that own and manage the Group’s self-storage business StorHub to an unrelated third party. The transaction is based on an agreed value of S$185 million for StorHub’s portfolio of properties. StorHub is one of Singapore’s largest self-storage networks, with a presence […]

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Retail Asia12/04/2019

CapitaLand Retail China Trust (CRCT) and CapitaLand will divest their combined 100 per cent interests in CapitaMall Wuhu to an unrelated third party. Located in Wuhu city in China’s Anhui Province, CapitaMall Wuhu is a five-storey shopping mall of around 45,000sqm that has been closed since the third quarter of last year, following the exit […]

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