CapitaLand Buys Chinese Logistics Centers for $261mn
CapitaLand China Trust (CLCT) is set to buy four logistics centers in China for RMB 1.68bn ($261mn). The centers in Shanghai, Kunshan, Wuhan and Chengdu will be the company’s first foray into China’s logistics sector as per the company. This investment...
CapitaLand Reports 10x Jump in H1 Profits
CapitaLand reported net profits of S$922mn ($679mn) for 1H2021, up almost 10x YoY, attributing the rise due to Singapore and China. CapitaLand saw portfolio gains of S$489mn ($360mn) that included gains from divestments and realized revaluation that helped boost...
CapitaLand Sells Tokyo Malls for $376mn, Exiting Non-core Assets
Singapore headquartered CapitaLand has sold two malls in Greater Tokyo for a consideration of JPY 42bn ($376.4mn) as a part of its portfolio management strategy. The sale of the malls is expected to result in a profit of ~JPY 9bn ($80.7mn). Simultaneously, the real...
