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Capitaland
20-11-2019, 06:26 PM.
Post: #151
RE: Capitaland
CapitaLand divests The Star Vista for S$296 million

CapitaLand announced today that it has entered into an agreement to sell The Star Vista for S$296 million to Rock Productions, owner of The Star Performing Arts Centre that is co-located with The Star Vista in the same development. Based on the latest independent valuation, The Star Vista was valued at S$262 million as at 30 June 2019. The divestment is targeted to be completed by end 2019 and is expected to generate for CapitaLand net proceeds of approximately S$145 million and a net gain of approximately S$32 million.

Located next to the Buona Vista MRT Interchange, The Star Vista is part of a 15-storey integrated development which also includes a 5,000-seat auditorium. Opened in September 2012, the mall comprises three levels of retail space – two levels above ground and one basement level – with a net lettable area of about 162,500 square feet. The mall registered an occupancy of 95% as at 30 June 2019. Its major tenants include Beauty in the Pot and LeNu, Canton Paradise Teahouse, Redman by Phoon Huat, Swee Lee and Cold Storage.

More details in https://links.sgx.com/FileOpen/20191120_...eID=586771
=========== Signature ===========
Specuvestor: Asset - Business - Structure.

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04-05-2020, 08:50 AM. (This post was last modified: 04-05-2020, 08:52 AM by ¯|_(ツ)_/¯.)
Post: #152
Rainbow  4 May 2020 1Q20 Update Capitaland
4 May 2020 Capland 1Q2020 Result
https://links.sgx.com/FileOpen/CL_1Q2020...eID=609120

(click to read sgx)

My summary:
Capland change to half-yearly reporting as per 26 Feb 2020 announcement
Financial position are healthy but business activities affected due to C19, in particular in residential, retail and lodging.
Relatively, offices, business parks, logistics and fund management (recurring income) remains resilent.
Overall, will have an adverse impact on financial performance for FY2020, in term of profitability, credit, valuation of investment properties and capital recycling.

Watch out for Green shoots from China as it's the first country to recover from C19.
All retail malls opened but footfall and sales increased but yet to return to pre-C19 levels.

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05-05-2020, 07:56 AM.
Post: #153
Rainbow  5 May 2020 TOP for previous CPF building @ 79 Robison RdCapitaland
5 May 2020 TOP for previous CPF building @ 79 Robison Rd
https://links.sgx.com/FileOpen/News%20re...eID=609325
(click for details)


Broght in 2016 with $550m, followed by development $1b, old CPF building TOP with 70% pre-commitment from MNC:
Allianz, EFG Bank, Howden Insurance and William Grant& Sons.
Tenants will take over from June 2020 and expected to move in from 3Q2020.

The remaining space consists of primarily high-rise floors eg. double-volume Sky Village on the top floor
will be offering for CaptiaLand's owned coworking and flexible workspace BU
Bridge+

Stay home, stay healthy, valuebuddies.

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13-05-2020, 06:43 AM. (This post was last modified: 13-05-2020, 06:51 AM by ¯|_(ツ)_/¯.)
Post: #154
Rainbow  ppt update Capitaland
12 May 2020 Capland update for 1Q20

(click for ppt)

As per 4 May 2020, Capland announced it's 1Q20 result (click for vb post)

A quick update for busy valuebuddies:
Development
- Residential: sales impacted across core residential market but green shoots have appeared in China
- Retail: sharp drop in shopper traffic; tenant assistance measures such as security deposit to offset rental, rental relief
- Office: resilience; construction on track, continue divestments and reconstituation; extended rent rebates; pass-thru ppty tax rebate
Lodging
- impact not ascertainable yet; new source of business for guests in self-isolation, healthcare workers
Fund Management
- increase by 54.2% vs 1Q19

Stay home and stay safe, everyone.

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22-05-2020, 07:32 AM.
Post: #155
Rainbow  RE: Capitaland
22 May 2020 CapitaLand launches ecommerce platform eCapitaMall and online food ordering platform Capita3Eats (pronounced as “capitatreats”)

Aims to drive sales for retailers during Phase 1 safe reopening and beyond
(click for news release)

Stay home and stay safe, everyone.


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