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...
CapitaLand to Divest Partial Stakes in some China Properties Worth $7.2bn
Singapore-based real estate group, CapitaLand Limited has reached an agreement with Ping An Life Insurance Company to sell partial stakes in six of the nine Raffle City Developments that are worth CNY 46.7bn ($7.23bn). The real estate group will continue to hold an...
