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Retail Asia04/04/2019

CapitaLand Retail China Trust (CRCT) and CapitaLand today announced that their respective subsidiary and associate have entered into an agreement to divest their combined 100% interests in a company, which owns CapitaMall Wuhu, to an unrelated third party. The transaction is based on the company’s adjusted net asset value, including but not limited to its […]

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Retail Asia01/03/2019

CapitaLand has topped out the eighth and final skyscraper of Raffles City Chongqing, expecting to launch it in phases from the second half of this year. This follows the completion of the 200m-high bridge The Crystal which connects six of the towers. “The successful topping out of Raffles City Chongqing represents a new milestone in […]

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Retail Asia12/02/2019

CapitaLand Retail China boosted its distributable income by 9.4 per cent last year on the back of a new acquisition and improved performance of multi-tenanted malls. CapitaLand Retail China Trust Management (CRCTML), the manager of CapitaLand Retail China Trust (CRCT), reported a distributable income of S$99.7 million (US$73.5 billion) for the year. “CRCT delivered a […]

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Retail Asia09/01/2019

CapitaLand has formed a 50:50 joint venture with an unrelated third party to acquire approximately 70% of Pufa Tower in Shanghai, China, for RMB2,752 million (about S$546.3 million). The operational office property has been identified as a seed asset for a value-add fund which CapitaLand is setting up to invest in commercial real estate in […]

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Retail Asia22/11/2018

This season of giving, CapitaLand is rallying its employees, tenants and shoppers to give back to the community through a series of charity events and fundraisers across its Singapore properties. Through these events, CapitaLand targets to contribute up to S$166,000 towards various charity organisations to build an inclusive and caring society. Taking place at Junction […]

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Retail Asia13/11/2018

CapitaLand has unveiled Singapore’s first “phygital” multi-label concept store NomadX at Plaza Singapura. NomadX (pronounced as “Nomads”) is styling itself as a “phygital” store for offering a new blend of physical and digital experiences, including a gamified onboarding process, automated store assistance such as smart mirrors, interactive product walls and a cashless payment experience. The […]

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Retail Asia02/11/2018

High occupancy rates of the CapitaLand China malls portfolio helped deliver a 10.5 per cent increase in distributable income in the three months to September. CapitaLand Retail China Trust Management Limited (CRCTML), the manager of CapitaLand Retail China Trust (CRCT), says income reached S$23.6 million this year, compared with $21.4 million the same quarter last […]

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Retail Asia02/11/2018

American fast-food restaurant Shake Shack is landing in Singapore. The New York burger chain is opening up a location in Singapore’s awaited Jewel Changi Airport mall. In partnership with SPC Group, the South Korea-based restaurant distributor, Shake Shack said the firm took its time to discover the ideal location for the Madison Square Park-founded chain. […]

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Retail Asia29/10/2018

CapitaLand Mall Trust Management (CMTML), the manager of CapitaLand Mall Trust (CMT), says CMT has achieved a distributable income of S$103.5 million (US$75 million) for the quarter to September 30. That marks an increase of 4.9 per cent over the $98.7 million for the same period last year. Year to date, distributable income was $302.5 […]

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Retail Asia17/10/2018

Funan is racing ahead to open Singapore’s first online-andoffline (O&O) shopping mall integrating online, offline, data and logistics aimed at empowering retailers’ omnichannel strategy and transforming the customer experience. The retail as well as its office components are now slated to open in 2Q 2019, instead of the earlier announced 3Q 2019. The opening of […]

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Retail Asia15/10/2018

Calling all shoppers in Singapore! CapitaLand’s multi-store, multi-mall rewards programme, CapitaStar presents a month-long celebration filled with hundreds of attractive deals for members to enjoy across 15 CapitaLand malls in Singapore. CapitaStar fulfils the ultimate shopping fantasy with the inaugural SuperStar Shopper Challenge, where participants can embark on a S$1,000 shopping spree and stand to […]

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Retail Asia31/07/2018

CapitaLand Retail China Trust Management Limited (CRCTML), the manager of CapitaLand Retail China Trust (CRCT), announced today that it registered distributable income of S$25.7 million for the period 1 April to 30 June 2018 (2Q 2018), an increase of 10.0% from S$23.3 million a year ago. The stronger performance was boosted by the first full-quarter […]

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Retail Asia28/06/2018

CapitaLand has acquired a company which owns a mixed-use development site in China’s Chongqing. The CapitaLand Chongqing project, which will boost the Singapore developer’s residential pipeline in China by more than 2100 units, includes a 335,000sqm shopping mall scheduled for completion in 2022, and a further 100,000sqm of office and retail space. CapitaLand is acquiring […]

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Retail Asia21/06/2018

Two new CapitaLand Retail-managed malls will be opening in China. CapitaLand Retail CEO Wilson Tan says the firm has signed 10 such agreements in China since announcing in August 2016 its intention to expand its existing retail footprint via management deals. CapitaLand China’s new contract in Guangzhou will see the firm managing The Grand City […]

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Retail Asia05/06/2018

Lim Ming Yan, 55, has given notice he will retire as CapitaLand group CEO and president, with his last day of service being December 31. Accepting his notice of retirement, the board has thanked him for his years of service and contributions to the CapitaLand Group. He will work on until his retirement takes effect […]

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Retail Asia29/05/2018

Funan has unveiled its digital blueprint as Singapore’s first O&O shopping mall integrating data and logistics aimed at empowering omnichannel retail strategies and transforming the customer experience. It encompasses customer analytics such as transaction and demographics data, robotic automation including Singapore’s first use of automated guided vehicles (AGVs) and robotic arms in a retail setting. […]

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Retail Asia01/05/2018

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With its well-located shopping malls, CapitaLand Mall Trust (CMT) has continued to deliver stable results in its first quarter. This was despite industry headwinds, says CEO Tony Tan of CapitaLand Mall Trust Management (CMTML), CMT’s manager. “Portfolio occupancy was resilient at 98.9 per cent as at 31 March.” During the quarter, Raffles City Singapore completed […]

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Retail Asia27/04/2018

CapitaLand Retail China Trust Management Limited (CRCTML), the manager of CapitaLand Retail China Trust (CRCT), today announced that it posted higher distributable income of S$26.7 million for 1Q 2018, an increase of 9.6% from S$24.4 million a year ago. Distribution per unit was 2.75 cents, 0.4% higher than 1Q 2017. Based on CRCT’s closing price […]

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Retail Asia27/04/2018

CapitaLand is set to broaden its master planning and urban design capabilities in China through new strategic partnerships in Ningbo and Jiaxing – two fast-growing cities in Zhejiang Province, east China. Through its wholly owned subsidiary CapitaLand China, CapitaLand has signed two Memoranda of Understanding (MoUs) to explore developing and managing large-scale business park and […]

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Retail Asia19/04/2018

CapitaLand Mall Trust Management Limited (CMTML), the manager of CapitaLand Mall Trust (CMT), announced today that CMT, through its trustee HSBC Institutional Trust Services (Singapore) Limited, has entered into an agreement to sell Sembawang Shopping Centre to a joint venture between Lian Beng Group Ltd and Apricot Capital Pte. Ltd. for S$248.0 million. Based on […]

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