CapitaLand
Bugis+, which is owned by CapitaLand Malls | |
| Company type | Public |
|---|---|
| Industry | Real estate investment management and real estate development |
| Predecessors |
|
| Founded | 28 November 2000 |
| Headquarters | Singapore |
Key people | |
Number of employees | 11,500 |
| Parent | Temasek Holdings |
| Website | capitaland |
CapitaLand Group Pte. Ltd. is a Singaporean headquartered company focusing on investment, development and management of real estate. The company has a presence in over 270 cities across more than 45 countries.[3]
History
On 12 July 2000, DBS Land (DBSL) and Pidemco Land announced a merger to form a company eventually owning about $18 billion in assets, making it the largest listed property company in Southeast Asia when completed.[4] Although this followed a new measure imposed by Monetary Authority of Singapore to separate financial and non-financial activities of banking groups on 21 June 2000,[5] DBS Bank had already divested most of its investments in DBSL and was holding 5.4% of DBSL, well below the 20% shareholding threshold for non-core banking activities under the new measure.[6] More details of the merged entity were given on 31 July 2000.[7] Named as CapitaLand on 6 September 2000,[8] the merger was approved by shareholders on 18 October 2000[9] and was thus officially launched on 28 November 2000.
In 2017, CapitaLand came into controversy when the company attempted to evict the Franses Art Gallery from the Cavendish Hotel in London. CapitaLand acquired the property in August 2012.[10] The case would go to the Supreme Court of the United Kingdom, which ruled against CapitaLand and upheld Franses Art Gallery's request for a new 15-year lease.[11]
On 14 January 2019, the Group announced that it would acquire Ascendas-Singbridge, a real estate group, from Temasek Holdings in an S$11B deal,[12][13][14] which was completed on 30 June 2019.[15] On 3 July 2019, it announced that Ascott Residence Trust (Ascott Reit) and Ascendas Hospitality Trust would be merged, forming Asia's largest hospitality trust with S$7.6b in combined assets.[16]
On 29 September 2020, unitholders of CapitaLand Mall Trust and CapitaLand Commercial Trust voted in favour of the merger of both REITs to form CapitaLand Integrated Commercial Trust, which would become the largest Singapore REIT and one of the largest REITs in the Asia Pacific with an asset base of S$22.4 billion.[17]
On 22 March 2021, CapitaLand Group announced the proposed restructuring of its business.[18] With the restructuring, the Group formed two entities – CapitaLand Investment (CLI), the real estate investment management business which was listed on SGX-ST on 20 September 2021 and CapitaLand Development (CLD), the privatised property development arm.
On the 20th of September 2021, CLI debuted on the Singapore Stock Exchange under the trading name CapitaLandInvest and stock code, 9CI.[19]
On 27 September 2021,[20] CapitaLand announced the change of names of Ascendas Real Estate Investment Trust, Ascott Residence Trust and Ascendas India Trust under one unified CapitaLand brand. Ascendas Real Estate Investment Trust was renamed to CapitaLand Ascendas REIT. Ascott Residence Trust was renamed to CapitaLand Ascott Trust. Ascendas India Trust was renamed to CapitaLand India Trust.
CapitaLand Ascendas REIT brought its London data centre footprint to five in 2023 by buying the 31MW Chess Building data centre from Digital Realty for £125.1m ($159m).[21]
In March 2024, CapitaLand India Trust acquired an industrial property from developer Nalanda Shelter Private in the Indian state of Pune for 7.73bn Indian rupees (€86m).[22]
References
- ^ "Board of Directors". CapitaLand.
- ^ a b "Our Board of Directors". CapitaLand.
- ^ "Our Global Presence | CapitaLand Investment". www.capitaland.com. Retrieved 26 June 2025.
- ^ Webb, Sara (13 July 2000). "DBS Land, Pidemco Plan Merger To Create Huge Property Group". Wall Street Journal. Retrieved 7 September 2019.
- ^ "New MAS Measures To Separate Financial And Non-financial Activities Of Banking Groups". www.mas.gov.sg. 21 June 2000. Retrieved 9 November 2019.
- ^ "DBS supports MAS Directives to limit Bank non-core activities". www.dbs.com. 21 June 2000. Retrieved 9 November 2019.
- ^ "CapitaLand Limited - News - Pidemco Land and DBS Land Announce Senior Management Designates and Set Strategic Targets for Proposed Merged Group". investor.capitaland.com. 31 July 2000. Retrieved 9 November 2019.
- ^ "CapitaLand Limited - News - Name of Proposed Merged Entity to be CapitaLand". investor.capitaland.com. Retrieved 9 November 2019.
- ^ "Pidemco Land to merge with DBS Land to create CapitaLand". CapitaLand. 18 October 2000. Retrieved 7 September 2019.
- ^ "CapitaLand to appear before London courts over dispute with UK art gallery". The Business Times. 5 January 2017. Retrieved 29 November 2023.
- ^ "S Franses Ltd v Cavendish Hotel (London) Limited" (PDF). franses.com. Retrieved 29 November 2023.
- ^ "CapitaLand and Ascendas-Singbridge in S$11-billion deal to create Asia's largest diversified real estate group". CapitaLand. 14 January 2019. Retrieved 1 March 2019.
- ^ "CapitaLand to buy real estate group Ascendas-Singbridge from Temasek in S$11b deal". Channel NewsAsia. 14 January 2019. Archived from the original on 23 September 2020. Retrieved 1 March 2019.
- ^ "CapitaLand to buy Temasek unit Ascendas-Singbridge in $11b deal, creating Asia's biggest diversified real estate group". The Straits Times. 14 January 2019. Retrieved 7 June 2019.
- ^ "CapitaLand completes $11b acquisition of Ascendas-Singbridge, to operate as unified entity from July 1". The Straits Times. 30 June 2019. Retrieved 3 July 2019.
- ^ "FAQs - Ascott Residence Trust and Ascendas Hospitality Trust enter combination deal | CapitaLand". www.capitaland.com. Retrieved 15 July 2020.
- ^ "CapitaLand shareholders vote in favour of restructuring plan". The Straits Times. 10 August 2021. ISSN 0585-3923. Retrieved 15 October 2021.
- ^ "CapitaLand proposes restructuring to sharpen business focus and unlock shareholder value". www.capitaland.com. Retrieved 15 November 2023.
- ^ "CapitaLandInvest Dividend Yield (9CI)". www.dividends.sg. Retrieved 13 February 2025.
- ^ "Change of names for Ascendas Reit, Ascott Residence Trust and Ascendas India Trust | CapitaLand". www.capitaland.com. Retrieved 15 November 2023.
- ^ "CapitaLand buys Digital Realty data center in London, UK". DCD. Archived from the original on 9 December 2023. Retrieved 25 March 2024.
- ^ "CapitaLand India buys INR7.7bn industrial asset in forward purchase deal". IPE Real Assets. Archived from the original on 25 March 2024. Retrieved 25 March 2024.