CapitaLand

CapitaLand Ascendas REIT (#CLAR) continues to crystalise returns from its portfolio with the divestment of 21 Jalan Buroh for S$112.8 million at a premium to valuation. The divestment of the three-storey ramp-up warehouse with an ancillary office block in Singapore aligns with the REIT’s proactive asset management strategy to improve the quality of its portfolio and optimise returns for its unitholders. The divestment is expected to complete within 4Q 2024 with net proceeds to be redeployed towards value-adding opportunities. Read on: https://bit.ly/21JlnB #WilliamTay #capitalrecycling #singapore #portfolio

🤝 𝑭𝒐𝒔𝒕𝒆𝒓𝒊𝒏𝒈 𝒊𝒏𝒄𝒍𝒖𝒔𝒊𝒐𝒏 𝒂𝒏𝒅 𝒔𝒐𝒄𝒊𝒂𝒍 𝒊𝒏𝒕𝒆𝒓𝒂𝒄𝒕𝒊𝒐𝒏 𝒊𝒏 𝒔𝒆𝒏𝒊𝒐𝒓𝒔 – CapitaLand hosted its first and largest #LoveOurSeniors Carnival for close to 1,000 seniors supported by its philanthropic arm, #CapitaLandHopeFoundation (CHF). By leveraging its ecosystem, the carnival saw more than 600 staff volunteers, seven tenants and four charity partners collaborating to help tackle social isolation and loneliness in seniors.    In an interview with The Business Times, Seng Chai Tan, Executive Director of CHF who is also Senior Advisor of CLI, said: “Singapore faces a rapidly ageing population where one in four citizens will be aged 65 and above. It has become even more essential for us to empower our seniors in taking care of their own physical and mental well-being, and engage them in becoming active contributors.”    Through the themed booths at the carnival, both seniors and senior volunteers immersed themselves in games and activities, enabling them to relive childhood memories, stay active through exercise classes and stay up to date with technology. #LoveOurSeniors Carnival reaffirms CHF’s commitment in building resilience and social capital in seniors so that they can lead fulfilling lives and make meaningful contributions to society.   Read the full article for more: https://bit.ly/LOSCarnival   #EnrichingLives #UpliftingCommunities #BuildingResilience #Philanthropy #CSR

If you think that Singapore Science Park (SSP) is merely a collection of workspaces, think again! 🤔 Situated in the greater one-north district, SSP is driving R&D breakthroughs across various industries such as agriculture and healthcare with its comprehensive and vibrant ecosystem. Home to over 350 institutions, including Neste and Johnson & Johnson, SSP operates as a purpose-built workspace that caters to different business needs with robust and customisable infrastructure and layouts. SSP’s R&D capabilities are further strengthened with its proximity to key partners and potential talent, such as leading research institutions like A*STAR - Agency for Science, Technology and Research, educational institutions like the National University of Singapore, and other biotech companies. This promotes more collaboration and partnership opportunities among a like-minded community, facilitating collaborative growth. From networking, socialising, to unwinding, discover how Singapore Science Park is cultivating a thriving ecosystem of synergistic industries here: https://bit.ly/4gQ2219! 📷: CapitaLand, Singapore Science Park, Neste #CapitaLand #Workspaces #Innovation

“Today we lost a great leader and friend. We salute the extraordinary life of Mr Ratan Tata, a true visionary and national icon whose contributions to India and the world are immeasurable. His leadership, kindness, and unwavering commitment to progress touched the lives of millions, including ours. We will forever be grateful for the role he played, alongside Mr Philip Yeo, in the visionary launch of the International Tech Park in Bangalore, which shaped our 30-year incredible journey in the country. His many contributions to the nation and to us will always be remembered with deep respect and gratitude. Rest in peace, Mr Ratan Tata.” 🙏 A tribute from Manohar Khiatani, Chairman, CapitaLand India Trust and Senior Executive Director, CapitaLand Investment.

Mark your calendars! Join us for 𝗖𝗶𝘁𝗶𝗲𝘀: 𝗣𝗼𝘀𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝗶𝗲𝘀 𝟮𝟬𝟮𝟰 – 𝗔 𝗖𝗮𝗽𝗶𝘁𝗮𝗟𝗮𝗻𝗱 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗘𝗱𝗶𝘁𝗶𝗼𝗻 on 28 October. With cities responsible for up to 75% of global greenhouse gas emissions, we cannot address the climate crisis without decarbonising our urban centres. This thought leadership forum organised by CapitaLand and Eco-Business will convene key stakeholders and decisions-makers to spotlight solutions to decarbonise the built environment and scale tangible climate action for low-carbon and regenerative cities. The forum will also underline the sustainable investment trends that are shaping the #realestate sector, revealing how climate finance can be mobilised to reduce city emissions. View the full programme and register now https://bit.ly/3YlvuF2 🗓️ 28 October 2024 (Mon) 🕘 9am to 5pm 📍 Catapult by CapitaLand, 1 Rochester Park, # 02-01 Rochester Commons #sustainability #SustainableCapitaLand

Sandra Rio Sangab-Moreno's journey at The Ascott Limited reflects CapitaLand's commitment to fostering diverse career paths. After six successful years in the Sales Management Team, Sandra embraced the opportunity to transition into Operations and Housekeeping, driven by her passion for growth and determination to step outside her comfort zone.   Through extensive on-the-job training and housekeeping mentorship, this role expanded Sandra's skill set and deepened her understanding of our day-to-day operations. Now, as Housekeeping Manager at Somerset Alabang Manila, she channels her passion and leadership into creating exceptional guest experiences alongside her team.   At #CapitaLand, we invest in our employees' growth and development through personalised career programmes, fostering continuous learning and creating opportunities for them to make a positive impact.   Ready to take the next step in your career? Explore our opportunities today! Visit our careers page at https://lnkd.in/gsgKw5rS #LifeatCapitaLand #CareersatCapitaLand #CapitaLandInvestment #momentsthatmatter

🎉 Exciting news! lyf Ginza Tokyo has been nominated for the prestigious HICAP Reggie Shiu Development of the Year award at this year’s Hotel Investment Conference Asia Pacific (#HICAP)! After undergoing a year-long asset enhancement initiative, lyf Ginza Tokyo opened in November 2023 and quickly exceeded expectations. Within just three months, it surpassed its target average daily rate and occupancy. Previously held under CLI’s private lodging fund, Ascott Serviced Residence Global Fund (#ASRGF), it was recently divested in October 2024, delivering returns well above the fund’s target. Despite the challenges of COVID-19 and rising construction costs, the property was transformed from a partially completed vacant building into a dynamic, vibrant destination. With the addition of 76 more rooms and thoughtfully designed social spaces, the 140-unit lyf Ginza Tokyo fosters connection and collaboration, creating a truly unique guest experience. Managed by The Ascott Limited, it stands as a testament to innovation and resilience. 🏆 The Reggie Shiu Award celebrates new, redeveloped, or repositioned hotels that have made a significant market impact. If you're a HICAP delegate, your vote will help us secure this recognition! 🗳 Voting is open to HICAP delegates only. Learn more about the award here: https://lnkd.in/giwcbNXQ To discover more about lyf Ginza Tokyo, visit: https://lnkd.in/g79vSsQY #HospitalityInnovation #HotelAwards #lyf #Ascott

CapitaLand Integrated Commercial Trust (#CICT) will convene an Extraordinary General Meeting (EGM) on 29 October 2024 to seek unitholders’ approval on the proposed S$1.85 billion acquisition of a 50.0% interest in ION Orchard, Singapore’s iconic premium destination mall with universal appeal. The acquisition is expected to: ✅ Deliver immediate accretion to its distribution per unit ✅ Consolidate its retail presence in downtown precinct ✅ Reinforce its market leadership in Singapore as the proxy for high-quality commercial real estate ✅ Strengthen the quality of its portfolio and retail tenant profile   More details on the EGM can be found here: https://lnkd.in/gymT9h-F   Tony Tan #REITs #investors #commercial #acquisitions

CapitaLand Ascott Trust (#CLAS) has divested Citadines Karasuma-Gojo Kyoto in Japan for about JPY6.18 billion (S$53.1 million). The divestment is in line with CLAS’ portfolio reconstitution strategy to deliver sustainable returns to its Stapled Securityholders. The 124-unit property was divested at 40.1% above book value at an exit EBITDA yield of about 0.3%. Net proceeds of the divestment are JPY 4.4 billion (S$37.8 million) and CLAS has recognised a net gain of JPY 0.9 billion (S$8.0 million). For more, read: https://bit.ly/CLASDivKy24   Serena Teo #Lodging #Divestment #SREIT 

CapitaLand Malaysia Trust (#CLMT) has received the Platinum Award for Best Retail REIT (Malaysia, under US$500 million in market capitalisation) at the 9th Annual Asia Pacific Best of The Breeds REITs & Real Estate Investment Awards 2024. The award honours top performers in sustainability and profitability in the real estate investment trust (#REIT) and real estate sector. From well-executed asset enhancement initiatives to the introduction of new and innovative #retail concepts, we constantly look at ways to enhance CLMT’s portfolio and stay ahead of market trends while integrating #sustainability in our investments, operations and financing. As we look ahead, we remain committed to leveraging our expertise across a multifaceted portfolio to create sustainable value for our stakeholders.