Xiangmihu Mall, Shenzhen
together with Malaysia’s Quill Group, listed
Quill Capita Trust (QCT), Malaysia’s first
new listing on the Main Board of Bursa Malaysia Securities
Berhad for the year. QCT, which is CapitaLand’s
first overseas real estate investment trust (REIT),
posted a 17% premium over its
retail offer price of RM0.84 on the close of its
first day of trading.
• CapitaLand sold US$477.0 million (S$730.7 million) worth of bonds backed
by receivables from
RiverGate, a joint-venture residential development
• CapitaLand signed a Share Purchase Agreement
with eSun Holdings Limited, one of Asia’s leading media and entertainment companies, for a
20% strategic interest in Macao Studio City. Macao Studio City will be one of Asia’s first
integrated leisure resort properties combining studios,
retail, entertainment and world-class hotels. This
is CapitaLand’s first investment in Macau.
On 10 January, CapitaLand held the groundbreaking
of Macao Studio City in Cotai, Macau.
• CapitaLand China, together with China Charity
Federation, initiated the “Building for Tomorrow” corporate social responsibility programme which is
aimed at providing help to underprivileged children in China.
• CapitaLand’s China retail footprint
more than doubled to over 70 malls with six new acquisitions
and Memorandums of Understanding (MOUs) signed. CapitaRetail
China Development Fund
(CRCDF), a US$600.0 million (S$933.8 million) closed-end
private fund sponsored by CapitaLand, has acquired
a 65% interest in six retail malls in China. CapitaLand
also injected into CRCDF its equity stake in 14 retail
malls. In addition, CRCDF has signed MOUs with a
few Chinese parties to acquire over 35 retail malls
located across China.
• CapitaLand completed the compulsory acquisition
of shares in Raffles Holdings Limited. Following
this, Raffles Holdings has become an indirect wholly-owned
subsidiary of CapitaLand.
• The Ascott Group signed a Memorandum of Understanding
(MOU) with Mitsubishi Estate Co Ltd to develop a
160-unit serviced residence, Citadines Tokyo Shinjuku.
Ascott will take a 40% stake in the venture while
MEC holds the remaining 60%. When completed, it will
be Ascott’s first Citadines-branded serviced
residence in Japan.