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S$86 B
FUM
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S$125 B
RE AUM
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153 K
Lodging units under management
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S$1.6 B
Capital Recycled YTD 2022
A GLOBAL PLAYER WITH STRONG ASIAN PRESENCE
CapitaLand Investment’s footprint spans more than 200 cities in over 30 countries, with long-standing presence and extensive real estate experience in its core markets of Singapore, China and India.
Notes:
- Includes business parks, industrial, logistics, and data centres
- Includes multifamily
- Includes Australia, Japan, South Korea, Malaysia, Vietnam, Indonesia, Thailand, Phillipines and other Asian countries
- Includes USA, UK, Europe and other non-Asian countries
- Includes residential & commercial strata which comprises 0.3% of total RE AUM and not reflected in chart
- Includes residential & commercial strata, which comprises 0.8% of total FUM and is not reflected in chart
LODGING UNITS UNDER MANAGEMENT
CLI’s lodging portfolio is focused in the longer-stay segment and well diversified geographically. More than 80% of the total units within the portfolio are under asset-light management contracts and franchise deals.
| By Ownership | YTD Jun 2022 + Oakwood | YTD Jun 2022 |
|---|---|---|
| Managed & Franchised | 124,100 | 109,500 |
| Leased | 5,700 | 5,700 |
| REIT | 17,900 | 17,900 |
| Fund | 2,500 | 2,500 |
| Owned | 3,000 | 3,000 |
| Total | 153,000 | 138,600 |
| By Geography | YTD Jun 2022 + Oakwood | YTD Jun 2022 |
|---|---|---|
| SEAA1 | 78,500 | 72,200 |
| North Asia2 | 52,800 | 47,600 |
| Europe | 6,300 | 6,300 |
| Middle East & Africa3 | 8,500 | 5,700 |
| America | 7,100 | 6,800 |
| Total | 153,000 | 138,600 |
| By Lodging Type | YTD Jun 2022 + Oakwood | YTD Jun 2022 |
|---|---|---|
| Serviced residences | 110,900 | 96,300 |
| Hotels | 31,100 | 31,100 |
| Rental housing4 | 9,200 | 9,200 |
| Student accomodation5 | 2,000 | 2,000 |
| Total | 153,000 | 138,600 |
Notes:
| 1 | Refers to Southeast Asia & Australasia. Includes 4,500 units (YTD Jun 2022 + Oakwood) in Singapore |
| 2 | Includes 43,000 units (YTD Jun 2022 + Oakwood) in China |
| 3 | Includes Turkey and India |
| 4 | Excludes multifamily |
| 5 | Comprises 5,298 beds in operating and development properties |
DISCIPLINED CAPITAL RECYCLING
CLI believes in disciplined capital recycling across the Group to ensure relevance of the overall portfolio and to unlock value. Our target – a gross amount of S$3 billion annually, to be collectively executed via CLI and our sponsored vehicles.
FY 2022 Capital Recycling on Track
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S$2.5 B
Gross Investment1,2
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S$1.6 B
Gross Divestment1,3
Note:
- As at 10 August 2022 based on announcement dates.
- Total gross investment value based on agreed property value (100% basis) or purchase/ investment consideration.
- Total gross divestment value based on agreed property value (100% basis) or sales consideration.
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79 Robinson Road marks COREF’s first acquisition in Singapore and its third asset after investing in two properties in Japan.
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CICT and COREF to acquire Singapore’s Grade A office building 79 Robinson Road for S$1.26 billion
CapitaLand Integrated Commercial Trust (CICT) and CapitaLand Open End Real Estate Fund (COREF), a newly established discretionary fund managed by CLI, are buying 79 Robinson Road, a Grade A office building in the Tanjong Pagar sub-market of Singapore’s central business district (CBD) through acquiring 70% and 30% respectively of the shares of the property holding company, Southernwood Property Pte Ltd (SWP). This is a special purpose vehicle in which CLI has a 65% stake and a joint venture between wholly owned subsidiaries of Mitsui & Co., Ltd. and Tokyo Tatemono Co., Ltd. holds the remaining 35%. SWP will be converted to a limited liability partnership following completion of the acquisition.
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SAVE’s first acquisition of a freehold student accommodation asset in Nebraska, USA
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Ascott establishes a new student accommodation development venture (named SAVE) with Riyad Capital
CLI’s wholly owned lodging business unit, The Ascott Limited (Ascott) has established a development venture totalling US$150 million (S$204.8 million) in committed equity to develop student accommodation assets in the USA.
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Somerset Hangzhou Bay Ningbo is in the heart of Ningbo’s Hangzhou Bay New Town, a key hub within the Zhejiang province (Top Photo) Located in the bustling and picturesque Canal District, Citadines Canal Amsterdam is a three-minute walk to Vijzelgracht Metro Station (Bottom Photo)
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Ascott acquires two properties in Ningbo and Amsterdam for about S$190 million through its serviced residence global fund
CLI’s wholly owned lodging business unit, The Ascott Limited (Ascott) invested in two properties in Ningbo, China and Amsterdam, the Netherlands for approximately S$190 million through Ascott Serviced Residence Global Fund (ASRGF), Ascott’s private equity fund with Qatar Investment Authority.
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Upon completion of the divestment of 79 Robinson Road (building on right), CLI is expected to receive proceeds of about S$391 million and realise an estimated gain of S$72 million.
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CLI divests 79 Robinson Road in Singapore to CICT and COREF for S$1.26 billion
CLI and its joint venture partners for 79 Robinson Road – Mitsui & Co., Ltd. and Tokyo Tatemono Co., Ltd. – have entered into agreements to divest their 100% interest in the property to CLI-sponsored investment vehicles CapitaLand Integrated Commercial Trust (CICT) and CapitaLand Open End Real Estate Fund (COREF).
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CICT received proceeds of about S$340 million and realised an estimated gain of S$56.7 million following the divestment of JCube.
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CICT divests JCube in Singapore for S$340M
CapitaLand Integrated Commercial Trust (CICT) completed its divestment of JCube in March 2022,for a consideration of S$340 million, at an NPI yield of less than 4%. JCube, which is located at 2 Jurong East Central in Singapore, is one of CICT's three malls in the Jurong East region and its smallest by net lettable area. This divestment is part of its portfolio reconstitution strategy to unlock value and re-invest the proceeds into other higher yield investment opportunities.
