The listing is expected by Q4 and will raise about 2.1 billion yuan through the issuance of 400 million units

 

[SINGAPORE] CapitaLand Commercial C-Reit (CLCR) has received approval from the China Securities Regulatory Commission to register for its listing on the Shanghai Stock Exchange. 

 

The listing is expected to take place by the fourth quarter of 2025, and will raise about 2.1 billion yuan (S$375 million) through the issuance of 400 million units, said its parent CapitaLand Investment   : 9CI -0.36%(CLI) on Wednesday (Aug 27). 

 

Describing it as a &ldquo significant milestone&rdquo , CLI said that CLCR will be its eighth listed fund and become China&rsquo s first international-sponsored retail China real estate investment trust (C-Reit) upon listing. 

 

CLI said the listing aligns with its domestic-for-domestic fund strategy to tap onshore capital and grow its funds under management and recurring fee income. 

 

CLCR will invest in operating retail assets in China, benefitting from the country&rsquo s policies to stimulate domestic consumption.

 

Two properties will make up the initial portfolio: CapitaMall SKY+ in Guangzhou and CapitaMall Yuhuating in Changsha. The two have a combined floor space of 168,405 square metres and an overall occupancy rate of 96 per cent as at Mar 31. 

 

Both are in the CapitaLand Group&rsquo s portfolio, with the Guangzhou property jointly held by CLI and the group&rsquo s privately held development arm, CapitaLand Development. The Changsha mall is owned by CapitaLand China Trust : AU8U 0%. 

 

Collectively, CLI, CapitaLand China Trust and CapitaLand Development will hold at least 20 per cent of CLCR. 

 

As the sponsor and asset manager of CLCR, CLI will continue to operate CapitaMall SKY+ and CapitaMall Yuhuating post-listing, it said.

 

 

[SINGAPORE] CapitaLand Investment is considering providing rescue capital to listed Hong Kong companies as they would likely be among the first to benefit if the troubled property market recovers, according to an executive.

 

Not as much capital is going into Hong Kong and China, and that provides opportunities for investors willing to take calculated risks, Gabriel Fong, head of the special opportunities group at the real estate investment manager, said at the Turnaround Management Association APAC regional conference in Singapore on Thursday (Aug 21).

 

He said a way to capture those opportunities would be through offering &ldquo rescue capital&rdquo to listed companies in Hong Kong, as such firms would be among the first to benefit from any ratings changes.

 

Chief executive officer Lee Chee Koon said in an earnings briefing last week the firm sees &ldquo interesting&rdquo assets in Hong Kong&rsquo s market including student accommodation, data centres as well as offices that can be repositioned into hospitality products.

 

The Singapore-based firm, which is backed by state investor Temasek Holdings, has also engaged with cash-strapped developer New World Development for exploratory discussions in recent weeks, people familiar said this month. BLOOMBERG

The project is expected to benefit from the formation of the Johor-Singapore Special Economic Zone

 

[SINGAPORE] CapitaLand Investment (CLI) will provide retail advisory services to Malaysian property developer Astaka Holdings for a new mixed-use project in Johor worth RM1.2 billion (S$364.5 million) in gross development value. 

 

The project will comprise a lifestyle mall with 300,000 square feet of net lettable area, a five-star hotel with 250 rooms and 300 residential units, Astaka and CLI announced in a press release on Tuesday (Aug 19) evening.

 

It is part of the third phase of One Bukit Senyum, an integrated development unveiled in 2014 and touted as Johor Bahru&rsquo s new central business district.

 

CLI will advise Astaka on asset planning and the pre and post-opening stages of the project. Both companies inked a retail service advisory agreement on Tuesday, witnessed by Johor Chief Minister Onn Hafiz Ghazi.

 

Astaka chief executive Allen Khong noted that cross-border travel and retail activity are expected to increase with the formation of the Johor-Singapore Special Economic Zone (SEZ). 

 

&ldquo We expect One Bukit Senyum to be a key beneficiary of these trends, thanks to our strategic location bordering Singapore and close proximity to the upcoming RTS Link,&rdquo he said, in reference to the Rapid Transit System that will connect Johor Bahru to the Republic.

 

Ervin Yeo, chief executive of commercial management at CLI, said that the company hopes to create a retail experience that appeals to both Johor residents and tourists. 

 

Onn Hafiz noted that both companies&rsquo partnership aligns with the Johor government&rsquo s efforts to raise cross-border business collaboration. &ldquo We look forward to more private sector partnerships that will boost cooperation between Johor and Singapore across economic sectors, ultimately supporting the success of the Johor-Singapore SEZ,&rdquo he added.

 

At the midday trading break, its shares were down by 4.3% at S$2.70 &ndash their lowest price in more than a month

 

[SINGAPORE] Shares of CapitaLand Investment : 9CI -3.55% (CLI) fell on Thursday (Aug 14) after the asset manager posted lower earnings for the first half-year that same day. 

 

As at the midday trading break, CLI shares were trading at S$2.70, with around 9.5 million shares changing hands. This was 4.3 per cent or S$0.12 under its Wednesday closing price of S$2.82. 

 

This was the counter&rsquo s lowest price in more than one month, as it last traded at such levels on Jul 11, ShareInvestor data showed. 

 

Shares of CLI ended Thursday 3.5 per cent or S$0.10 lower at S$2.72 with 16.8 million shares transacted. 

 

Before market open on Thursday, CLI posted a net profit of S$287 million for its H1 ended Jun 30, 13 per cent lower than S$331 million in the year-ago period. 

 

Its earnings per share fell 11 per cent to S$0.058 from S$0.065 in H1 2024. 

Revenue for H1 fell 24 per cent to S$1.04 billion from S$1.37 billion. 

 

The declines were attributed to the deconsolidation of CapitaLand Ascott Trust (Clas) : HMN 0% alongside the loss of contributions from divested assets in the US and China, the asset manager said. 

 

This comes as the deconsolidation &ndash in which Clas is no longer a CLI subsidiary and is now accounted as an associate &ndash brought the asset manager&rsquo s revenue down by S$322 million. 

Earnings per share falls 11% on the year to S$0.058 from S$0.065

[SINGAPORE] CapitaLand Investment (CLI) on Thursday (Aug 14) posted a net profit of S$287 million for its first half ended Jun 30, 2025, 13 per cent lower than S$331 million in the year-ago period.    

 

This translated to a basic earnings per share (EPS) of S$0.058, 11 per cent down from a basic EPS of S$0.065 in H1 2024.  

 

Revenue for H1 fell 24 per cent to S$1.04 billion from S$1.37 billion.  

 

The declines were partly due to the deconsolidation of CapitaLand Ascott Trust as a CLI subsidiary, alongside the loss of contributions from divested assets in the US and China. 

 

The company did not declare any dividend for the six-month period, the same as the previous year.