Daily Archives: 19 Aug 2009

CapitaLand deploys S$1b capital to China, Vietnam & Ascott businesses

Posted on 19 Aug 2009 | Comments Off on CapitaLand deploys S$1b capital to China, Vietnam & Ascott businesses

Property developer CapitaLand has channelled an additional capital of S$1 billion to its wholly owned China, Vietnam and Ascott businesses.

The developer said it intends to sharpen its focus for the next phase of growth.

The funds came from its recent S$1.8 billion rights issue.

Out of the S$1 billion, half will be allocated to CapitaLand China Holdings, while S$299 million will be deployed to its Vietnam operations, with the remaining S$200 million going to The Ascott Group.

The balance of S$800 million from its rights issue will be set aside for further investment opportunities that may arise.

In a statement, CapitaLand said it will have over S$4 billion of long-term core debt comprising convertible bonds and medium-term notes with an average Continue reading →

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Posted in Developers, Property Market / Real Estate

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Landlords getting more creative in retail rental structures: industry watchers

Posted on 19 Aug 2009 | Comments Off on Landlords getting more creative in retail rental structures: industry watchers

Retail landlords are turning to more creative ways to charge rent amid the current downturn and market watchers are also expecting changes in rental structures.

This is due to factors such as the increased presence of institutional landlords.

The economic slowdown is also expected to lead to falls in retail rentals by up to 20 per cent by the end of the year.

An expected glut in retail space, especially in the Orchard Road shopping belt, is expected to see Singapore retail rents falling and this could continue into next year.

A survey among market watchers said the falls could range between two and 20 per cent. Continue reading →

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Posted in Office / Retail / Industrial

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