Lodging units under management
YTD 2021 Capital Recycled
GLOBAL PLAYER WITH STRONG ASIAN PRESENCE
CapitaLand Investment’s footprint spans more than 200 cities in over 30 countries, with long-standing presence and real estate experience in core markets of Singapore, China and India.
- Includes Industrial, Logistics, Business Parks and Data Centres
- Includes Multi-family
- As at 30 Jun 2021
- As at 30 Jun 2021. Includes residential strata FUM, which comprises 1.3% of total FUM
- As at 30 Jun 2021. Excludes residential strata FUM, which comprises 1.3% of total FUM
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.
|Real Estate Platform||Operating Platform|
|REIT/fund||TAL||Franchised||3rd Party Managed||Leased||Total|
|SE Asia & Australasia (ex SG)||5,624||1,424||12,160||27,028||161||46,397|
|North Asia (ex CN)||3,196||-||342||884||649||5,071|
Note: The figures in the table above are as at 21 July 2021
Comprising 4,049 corporate leasing / rental housing units, and 430 student housing units with 1,203 beds
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.
2021 Capital Recycling Progress
S$3 ,598.7 M
S$11 ,268.2 M
- As at 12 August 2021. Transactions announced prior to the listing of CLI relate to assets which were allocated to CLI post restructuring. Values are based on agreed property value (100% basis) or purchase consideration (for investments)/sales consideration (for divestments)
A Portfolio of 11 Data Centres Across Europe
Ascendas Reit completed the acquisition in March 2021 for S$904.6M.
The data centres are well-located in Tier 1 cities such as London in UK, Amsterdam in The Netherlands, Paris in France and Geneva in Switzerland.
Development of Student Accommodation in South Carolina, USA
A freehold student accommodation jointly invested and developed by The Ascott Limited (Ascott), Ascott Residence Trust (ART) and a third-party partner for US$109.9M (S$146.2M).
The 678-bed student accommodation will serve over 35,000 undergraduate and graduate students from the nearby University of South Carolina (USC).
Construction of the student accommodation asset is scheduled to start in 3Q 2021 and is expected to complete in 2Q 2023.
livelyfhere Gambetta Paris in France and Somerset Metropolitan West Hanoi in Vietnam
Ascott has entered into two agreements to acquire two properties in Paris, France and Hanoi, Vietnam for about S$210 million through Ascott Serviced Residence Global Fund.
The acquisition in Paris is a 139-unit freehold asset which will be refurbished to introduce Ascott’s first coliving property in Europe under the lyf brand.
The acquisition in Hanoi is the 364-unit Somerset Metropolitan West Hanoi in Hanoi’s new Central Business District.
Partial stakes in six Raffles City developments in China
CapitaLand entered into an agreement to divest partial stakes in six Raffles City developments in China to Ping An Insurance Company in June 2021, for an agreed portfolio value of RMB46.7 billion (S$9.6 billion).
Post-transaction, CapitaLand’s stakes which is currently held by CLI continue to retain an effective stake of 12.6% to 30% in each development.
Under its signature “Raffles City” trademarks, CapitaLand will continue to provide asset management services for these developments and earn fee income.
Remaining 75% interest in Galaxis
In May 2021, CapitaLand divested its full stakes in Galaxis to Ascendas Reit at S$534.4 million.
Besides unlocking value for CapitaLand, this transaction has enlarged Ascendas Reit’s business space portfolio in Singapore by 18% (as at 30 June 2021).
Two retail malls in Japan
As part of CapitaLand’s active portfolio management strategy, Olinas Mall and Seiyu & Sundrug Higashimatsuyama were divested for over JPY42 billion (S$520 million), which is above their total valuation.
With the sale, CapitaLand successfully exited the retail sector in Japan which it considers to be non-core to its business. Instead, CapitaLand will continue its strategic pivot by reinvesting the proceeds into new economy assets like logistics that have more significant growth prospects.