CapitaLand

🎄Celebrate the holiday season like never before! For the first time, CapitaLand and Nestlé have joined forces to bring you A Carnival of Festive Cheer at CapitaLand Malls—Asia's first chocolate and coffee-themed Christmas carnival. From 6 November to 31 December, 17 CapitaLand malls across the island will transform into enchanting spaces filled with chocolate and coffee-themed decorations, featuring KitKat, Nescafé, Nescafé Dolce Gusto & Nespresso. With a diverse array of magical and flavourful activations to satisfy every palate, we hope to redefine the shopping experience this holiday season, offering shoppers the chance to enjoy festive concoctions at tasting booths and interactive workshops, play exciting carnival games, visit exclusive Nestlé pop-ups, and more. For more information, visit: https://lnkd.in/gkBA9DX9

CapitaLand Investment (#CLI) reports growth in its income-related fee business for YTD September 2024 to S$845 million, an increase of 6% year-on-year (YoY), and S$1,419 million for its real estate investment business, a 2% decrease YoY. CLI’s commercial management YTD September 2024 fee-related earnings rose to S$281 million, up 14% YoY. With our annual capital recycling target of S$3 billion already met, we remain committed to further enhancing our fee-related income from fund, lodging, and commercial management. For more on CLI’s 3Q 2024 business updates, visit: https://bit.ly/CLI3Q2024 #earnings #financials #fundmanagement

#ICYMI: 𝑯𝒆𝒓𝒆’𝒔 𝒂 𝒒𝒖𝒊𝒄𝒌 𝒇𝒍𝒂𝒔𝒉𝒃𝒂𝒄𝒌 𝒐𝒏 𝒐𝒖𝒓 𝒏𝒐𝒕𝒂𝒃𝒍𝒆 𝒂𝒄𝒉𝒊𝒆𝒗𝒆𝒎𝒆𝒏𝒕𝒔 𝒕𝒉𝒊𝒔 𝑶𝒄𝒕𝒐𝒃𝒆𝒓! Highlights include: 🏨 As part of CapitaLand Ascott Trust’s (CLAS) portfolio reconstitution strategy, it has proposed to acquire lyf Funan Singapore at S$263 million. CLAS has also announced the divestment of Infini Garden, Somerset Olympic Tower and Citadines Karasuma-Gojo Kyoto at a premium to book value: https://bit.ly/CLASLFS24, https://bit.ly/CLASOT, https://bit.ly/CLASDivKy24 🎉 CapitaLand celebrated 30 years in Vietnam by creating positive impact through real estate and uplifting communities: https://bit.ly/3BC41WM ⭐ CapitaLand Development (#CLD) placed top bid of S$368.9 million to redevelop Kallang Way Industrial GLS site into a food factory: https://bit.ly/4eLYL1h 📦 CapitaLand Ascendas REIT announced the divestment of 21 Jalan Buroh in Singapore at 67.1% premium above valuation: https://bit.ly/21JlnB 🏆 CapitaLand Investment (#CLI) and its listed funds continue to demonstrate ESG leadership in 2024 GRESB Real Estate Assessment: https://bit.ly/2024GRESB 💡 CapitaLand launched the fourth edition of its global CapitaLand Sustainability X Challenge, reaffirming its commitment to reduce Scope 1 and 2 emissions, while maintaining its efforts to reduce Scope 3 emissions: https://lnkd.in/gRRfef7q #LifeatCapitaLand #CapitaLandInvestment #CapitaLandDevelopment

🌱 Congratulations to Citadines Canal Amsterdam! The property is the 𝙛𝙞𝙧𝙨𝙩 𝙨𝙚𝙧𝙫𝙞𝙘𝙚𝙙 𝙧𝙚𝙨𝙞𝙙𝙚𝙣𝙘𝙚 𝙞𝙣 𝘼𝙢𝙨𝙩𝙚𝙧𝙙𝙖𝙢 𝘾𝙚𝙣𝙩𝙧𝙖𝙡 to receive the prestigious 𝙀𝙭𝙘𝙚𝙡𝙡𝙚𝙣𝙘𝙚 𝙞𝙣 𝘿𝙚𝙨𝙞𝙜𝙣 𝙛𝙤𝙧 𝙂𝙧𝙚𝙖𝙩𝙚𝙧 𝙀𝙛𝙛𝙞𝙘𝙞𝙚𝙣𝙘𝙞𝙚𝙨 (#𝙀𝘿𝙂𝙀) certification by the International Finance Corporation, a member of The World Bank Group. Citadines Canal Amsterdam has also obtained the Green Key Gold certification recognised by the World Tourism Organization (UNWTO) and UN Environment (UNEP) as well as the highest Energy Performance Certification - Level ‘A’, which is based on the European Union's Energy Performance of Buildings Directive framework. Citadines Canal Amsterdam is held under CapitaLand Investment’s (#CLI) private lodging fund, Ascott Serviced Residence Global Fund (#ASRGF). CLI’s private lodging funds are dedicated to responsible stewardship and aligned with CLI’s commitment to sustainability as it progresses towards managing a quality portfolio of resilient and green-certified lodging assets. The property’s green features include: ✅Double-glazed panels for all windows to provide full thermal insulation to reduce heat gain or loss as well as soundproofing. ✅Energy efficient dual flow ventilation system to supply fresh air into rooms. ✅100% LED lighting, with smart controls in guestrooms and public areas to promote energy efficiency. ✅ Water efficient sanitary wares to reduce water consumption. ✅Energy efficient fixtures and equipment, as well as future plans to install solar panels to lower utility costs. Opened in March 2024, the 93-unit Citadines Canal Amsterdam is located in the bustling and picturesque Canal District and walking distance to Vijzelgracht Metro Station. The property is also near to several cultural, art, fashion and nightlife destinations, making it ideal for business and leisure guests. If you’re planning a trip to the Netherlands, book your stay at Citadines Canal Amsterdam: https://bit.ly/3AEcj0d The Ascott Limited #Citadines #Amsterdam #ESG EDGE Buildings IFC - International Finance Corporation Green Key International UN Environment Programme UN Tourism

CapitaLand Investment (#CLI) has successfully secured S$261 million capital commitment from a new Japanese capital partner, Mitsui O.S.K. Lines, Ltd. (MOL) for its Southeast Asia and India private funds. This is set to increase CLI’s funds under management (FUM) for the two funds to more than S$2 billion. It also expands CLI’s capital partnerships from Japan to seize growth opportunities in CLI’s core markets of SEA and India. ● MOL has committed S$130 million capital towards the second close of the CapitaLand SEA Logistics Fund (CSLF), which invests in and develops smart logistics infrastructure in #SEA. This brings total equity of the fund to S$400 million. ● MOL’s subsidiary, Daibiru Corporation, will commit S$131 million capital to the S$525 million CapitaLand India Growth Fund 2 (CIGF2), which will mark the close of the fund. CIGF2 invests in Grade A business parks in prime locations across gateway cities in #India.   Read for more: https://bit.ly/CLI_MOL   #Capital #FundManagement

CapitaLand Integrated Commercial Trust (#CICT) continued to deliver resilient performance with net property income for year-to-date (YTD) Sep 2024 rising 5.4% year-on-year (y-o-y) to S$872.1 million. Its portfolio achieved high committed occupancy of 96.4% and its Singapore retail and office portfolios achieved positive rent reversions of 9.2% and 11.7% respectively. Delivering on its value creation strategy, CICT completed the acquisition of a 50% interest in ION Orchard, an iconic destination mall in Singapore with universal appeal. This addition reinforces CICT as the proxy for high quality Singapore commercial real estate. Phase 1 and 2 of the asset enhancement initiative (AEI) at IMM Building has also achieved 100% committed occupancy, while the AEI for Gallileo is expected to complete in 2H 2025. Looking ahead, CICT will continue to focus on proactive portfolio, capital and cost management to deliver long-term value to its unitholders. More: bit.ly/CICT3Q2024 #financialresults #REIT

Coming together in harmony to transform spaces and uplift communities with Art Jam Science Park: Piano edition! SSP’s flagship community art programme, Art Jam Science Park enlivens communal spaces within SSP with art and creativity while fostering a deeper sense of community and connection between tenants, partners, and visitors. 13 beautiful, refurbished pianos were unveiled at the launch, each a work of art designed by talented artists from ARTDIS (Singapore) Ltd. In support of sustainability, we partnered with Play It Forward Singapore to breathe new life into old pianos, making them accessible to all to play and enjoy. On display at 5 Science Park Drive until the end of the year, come take a look at the pianos when you’re at SSP. Share the joy of music by playing a tune or two on them when you spot them across the park next year! Over 100 enthusiastic volunteers from the Singapore Science Park (SSP) tenant community and the public joined efforts to paint the pianos. The Grand Unveiling was a symphony of delight, featuring performances by Guest-of-Honour Ms Rachel Ong, Member of Parliament, Adviser to West Coast GRC Grassroots Organisations, SSP tenants and partners, NTU, ART:DIS, Merck and Little Paddington, as well as singer-songwriter Tay Kewei. It was a lively afternoon filled with music, a bazaar, and craft workshops. Special thanks to the Geneo team and SSP tenants, Curtin Singapore, Oliver Healthcare, Sea and Vitacoco, for adopting pianos for a good cause!

We recently hosted the KONE Asia Pacific, Middle East and Africa Marketing & Communications teams at Capital Tower in Singapore for a joint sharing session. It was a robust exchange of ideas, on innovation culture, platforms, the use of AI and subsequent returns on investment, GenAI within the enterprise, and sustainability innovation, specifically for the built environment industry. “CapitaLand and KONE have long collaborated on several fronts. The dialogue enabled easy, mutual learning between partners and friends,” said Aylwin Tan, Chief Customer Solutions Officer, CLI. KONE’s Director of Strategy and Marketing Maria Suorsa said that both businesses shared similar values and aspirations, particularly in sustainability and innovation. “We are pushing boundaries in built environments, together." Presenters from CapitaLand Investment were Aylwin Tan, Joel Sik, Poh Har Neo (Dr) and Ted Howland. Participants from KONE APM were Mina Habib, Alison Hanrahan, Josephine Na, Zann Ng, Medha Tawde and Eveliina Linderborg.

CapitaLand Investment’s (#CLI) wholly owned lodging business unit, The Ascott Limited (Ascott), announced that Ascott China has entered a 50:50 joint venture with Jin Jiang Hotels (China Region) to advance the asset-light expansion of their respective apartment hotel brands in China, namely Ascott’s 𝙌𝙪𝙚𝙨𝙩 and Jin Jiang Hotels’ TULIP LODJ. Adopting a franchise model primarily, the joint venture will enable the rapid growth of Quest and TULIP LODJ to meet China’s underserved demand for apartment hotels in the upscale and upper midscale segments, while driving long-term investment success for owners. This strategic partnership was unveiled at the Ascott Unlimited Global Marquee Event during ITB Asia 2024 and officiated by Mr Alvin Tan, Singapore’s Minister of State, Ministry of Trade and Industry and Ministry of Culture, Community and Youth, in attendance as the Guest-of-Honour. From the outset, the joint venture company will manage two operating properties in Wuhan and one pipeline property in Shenzhen franchised under TULIP LODJ, totalling about 600 units. Plans are underway to broaden the footprint of TULIP LODJ and launch Quest in China by providing opportunities for franchised partnerships. This deal adds to a groundbreaking year for Ascott, a key contributor to CLI’s fee income, as it marks its 40th anniversary. Kevin Goh, CEO for Ascott and CLI Lodging, said: “The collaboration will accelerate our asset-light expansion in China by leveraging Jin Jiang’s franchise-ready infrastructure, complementing our successful management strategy in the market where we currently operate more than 220 properties in over 40 cities. With 90% of Ascott's global portfolio already operating under management and franchise agreements, we remain focused on advancing our asset-light strategy for further growth. Quest is the leading apartment hotel brand in Australasia, and we see tremendous potential in extending its success to China as the country’s hotel franchising industry continues to mature.” Ngor Houai LEE, Ascott’s CEO of Europe, Middle East, Africa (EMEA), South Asia and China, said: “Bleisure travel is thriving in China as professionals seek the ideal blend of work and leisure, creating a vibrant demand for apartment hotels. Quest is poised to meet this need with its signature spacious and convenient accommodations designed for business travellers and families alike. Leveraging our complementary strengths with Jin Jiang Hotels, we are confident that the joint venture will serve as an excellent platform for local owners to access one of Ascott’s iconic brands and bring it to their respective locations. We will work closely with Jin Jiang Hotels to develop supportive frameworks and effective commercial strategies to power the success of Quest and TULIP LODJ owners in China.” More: https://bit.ly/3YHlrKF The Ascott Limited #AscottUnlimited #China Jin Jiang International Hotels ITB Asia

CapitaLand Integrated Commercial Trust (#CICT) received resounding support from unitholders for its proposed S$1.85 billion acquisition of a 50% interest in ION Orchard. 99.88% voted for the acquisition at the Extraordinary General Meeting held on 29 October 2024. The acquisition of ION Orchard, Singapore’s iconic premium destination mall with universal appeal, is expected to deliver immediate accretion to distribution per unit. It will also consolidate CICT’s presence in the downtown precinct where there is limited retail property supply and reinforce CICT’s position as the proxy for high-quality commercial retail estate in Singapore. Thank you to all unitholders for your support! CICT remains committed to enhance our portfolio and create greater value for unitholders. #EGM #SREIT