CapitaLand

#DidYouKnow that CapitaLand’s International Business Park (#IBP) properties play host to several industry giants including Acer, Evonik, thyssenkrupp and Singapore’s very own Creative Technology? The IBP is a hot spot for some of the world’s largest corporations to establish their regional headquarters and key operations in Singapore. Nestled in the south-west of Singapore, it is located at Jurong Gateway – a mere 15 kilometres away from the Central Business District (CBD). IBP offers a vibrant ecosystem for businesses, enabling them to collaborate with other companies located in nearby business hubs, such as the Jurong Innovation District, one-north and Tuas Port. Its proximity to the upcoming Jurong Lake District, Singapore’s second CBD, also offers businesses unparalleled connectivity and opportunities. Your dream office is just a click away! Get in touch with us at: https://bit.ly/4dgzKdU Find out more about International Business Park at: https://bit.ly/3SpzO2W  

𝑵𝒆𝒘𝒍𝒚 𝒓𝒆𝒗𝒂𝒎𝒑𝒆𝒅! Innov Tower unveiled its new offerings centred around sustainable features and smart services to cater to the diverse needs of its tenants. These include: ● Terraced open spaces and outdoor gardens, with 30% of the site incorporated with greenery that enhances the wellness of end-users. ● Quick booking for facilities and meeting rooms through an app for Bridge+, CapitaLand’s flexible workspace and community platform. Innov Tower was a special situation investment acquired through the CapitaLand China Opportunistic Partners Programme. The fund repositioned the asset by converting and upgrading part of the retail space into a Grade A office, reinforcing its position as a landmark integrated development serving the bustling Chaoyang central business district in Beijing. The building obtained the LEED Platinum certification in January 2024, in line with CapitaLand Investment’s commitment to green its portfolio. Ervin Yeo #AEI #Sustainability #China

CapitaLand Ascott Trust (#CLAS) increased its 1H 2024 gross profit by 12% year-on-year (y-o-y) to S$172.9 million. Revenue also rose by 11% y-o-y, reaching S$386.4 million. The increase was mainly on the back of sustained lodging demand and stronger operating performance. As demand for international travel continued to increase, CLAS’ revenue per available unit (REVPAU) for 1H 2024 grew 5% to S$145, compared to 1H 2023 and CLAS’ REVPAU for 2Q 2024 went up by 4% y-o-y to S$155.    CLAS’ continued portfolio reconstitution efforts enhance its resilience and provide capacity for future growth: ✅ In the past year, CLAS announced divestments of S$408.1 million across 10 mature assets, unlocking about S$44.6 million in gains. ✅In 1H 2024, CLAS completed the accretive acquisitions of two longer-stay assets: Standard at Columbia in the USA (remaining 10% stake), and Teriha Ocean Stage in Japan. ✅Part of the divestment proceeds has been used to pare down higher-interest debt, keeping gearing healthy and delivering accretion. ✅CLAS also completed asset enhancement initiatives (AEI) for four properties; four more properties in the pipeline expected to uplift distribution income when completed.   CLAS remains committed to delivering long-term returns to its Stapled Securityholders. For more on CLAS’ 1H 2024 financial results, visit: https://bit.ly/CLAS1H24 Serena Teo #CapitaLandAscottTrust #Lodging #REIT

CapitaLand Malaysia Trust’s (#CLMT) posted a solid financial performance for 1H 2024 with net property income up 34.7% year-on-year to RM129.4 million. CLMT’s results was driven by a stronger showing of its retail and logistics portfolio. Its proactive asset and lease management strategies have also resulted in higher occupancies and positive rental reversions across most of its retail properties. CLMT has started asset enhancement works at Gurney Plaza which is slated to complete in 2H 2024. Meanwhile, the ongoing conversion of Glenmarie Distribution Centre into an ambient temperature-controlled logistics facility is on track to complete in 4Q 2024. CLMT also continued to make strides in its #sustainability efforts with the procurement of 7.2 megawatts of renewable energy for The Mines. This follows the mall’s successful quota allocation under Malaysia’s Corporate Green Power Programme. More: https://bit.ly/CLMT1H2024 Choon Siang Tan #REIT #financialresults

🌱 As part of the 2-year partnership between CapitaLand Investment (#CLI) and Ministry of Sustainability and the Environment, Singapore's SG Eco Fund, the Project Green Showcase – a public showcase featuring exceptional ground-up #sustainability solutions and initiatives supported by the fund – will be happening at Plaza Singapura from now till 28 July. We were also pleased to have Senior Parliamentary Secretary for Sustainability and the Environment, Yam Keng Baey, join us at the launch on 16 July and engage with the various exhibitors. Project Green Showcase features 7 informative booths and hands-on workshops by SG Eco Fund grantees. These range from self-sustaining vegetable farm systems supplemented by solar power and rainwater, to Repair Kopitiam’s Basic Repair Workshop where participants can try their hands at repairing basic household items, to compost-making DIY sessions. By showcasing these groundbreaking initiatives, Project Green Showcase aims to promote greater environmental stewardship and sustainable development. Be a part of this journey today! Head down to Project Green Showcase at Plaza Singapura, Level 1, The Alley, running now till 28 July.  Find out more here: https://bit.ly/46mlVZa 📸: SG Eco Fund #SGEcoFund #SGGreenPlan #MSESingapore #PlazaSingapura #CapitaLandMalls

🎉 CapitaLand has been awarded the “Company of the Year Award – Best in Care for Underprivileged Children” under the shopping mall category at the annual Sustainability and CSR Malaysia Awards 2024 for its #GivingBersama 3.0 initiative. The annual award recognizes companies that excel in sustainability and corporate social responsibility (CSR) efforts in Malaysia.   Into its third year, #GivingBersama 3.0 is a community initiative dedicated to supporting beneficiaries from orphanage homes and schools in Malaysia, enhancing their access to education. With the support of CapitaLand Group’s philanthropic arm, CapitaLand Hope Foundation (CHF), RM200,000 worth of daily necessities and school essentials were donated to more than 800 underserved children, as well as over 1,500 beneficiaries from 520 low-income families in Malaysia in 2023. Find out more about #GivingBersama 3.0 here: https://lnkd.in/gpY5uT4t

👏CapitaLand Investment (#CLI) Australia’s Senior Analyst for Asset Management Ms Anna-Clare Bright is part of the prestigious 𝟱𝟬𝟬 𝗪𝗼𝗺𝗲𝗻 𝗶𝗻 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝘆 programme for FY25 organised by the Property Council of Australia. The programme promotes female talent and empower women to advance in the workforce as well as provides access to networking and professional development opportunities with mentors and inspirational figures. At CLI, we are committed to fostering a workplace of diversity, equity and inclusiveness to foster a high-performance work culture, where everyone has equal opportunities to thrive and succeed. #DEI #500WIP #WomenInProperty Property Council of Australia Dan McLean

Happy Racial Harmony Day from the CapitaLand Team in Singapore! To celebrate the multicultural spirit of our unique nation, our employees came to work dressed in various ethnic outfits. It was heartwarming to witness the vibrant display of our rich cultural diversity, along with the joy and camaraderie over henna painting and delightful Nonya kueh. Our global colleagues also joined in a virtual talk, discussing the importance of embracing diverse talents and perspectives to foster an inclusive workplace. #Sustainability is at the heart of everything we do, and our events are no exception! To #MakeAPositiveImpact, we provided reusable plates and stainless-steel cutlery to minimise our environmental footprint. #LifeatCapitaLand #CapitalandInvestment 

#CapitaLandIndiaTrust (#CLINT) has acquired Building Q2, a 0.82 million sq ft multi-tenanted office building at Aurum Q Parc business park in Navi Mumbai, #India, for approximately S$108.99 million.   Located in an Information Technology Non-Special Economic Zone within the business park, Building Q2 has been fully leased to multinational companies such as Mizuho Bank, DP World, ICICI Bank; Axis Securities Limited, John Cockerill, ideaForgeTechnology-inc and Shriram Transport.    Sanjeev Dasgupta, CEO, CLINT, said: “The acquisition of Building Q2 expands CLINT’s portfolio in Navi Mumbai, a thriving hub for IT and related services. We have seen strong leasing interest and rental growth in Building Q2 due to demand from multinational companies seeking a convenient base, as Aurum Q Parc is in close proximity to transport networks such as Ghansoli railway station and the upcoming international airport in Navi Mumbai. CLINT will continue to capitalise on the growing demand for business parks and remains committed to delivering sustainable returns to our Unitholders.”   With the acquisition of Building Q2, the total completed floor area of CLINT's entire portfolio has increased by about 4.0% to reach approximately 21.8 million sq ft.   Read more: https://bit.ly/BldgQ2_AUR

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