Leveraging on its residential, office, retail, and hospitality development competencies, CapitaLand Ltd is keen to expand its foray to more growth markets overseas, a senior company executive said.
By market capitalisation, CapitaLand is the largest real estate company in Southeast Asia.
Of its total assets of S$25bil, S$16.2bil or 65% of the total are invested overseas in over 20 countries and over 120 cities.
Its core businesses in real estate, hospitality and real estate financial services are focused in growth cities in the Asia Pacific, Europe and the Gulf Co-operation Council (GCC) countries.
CapitaLand's real estate and hospitality portfolio spans more than 110 cities in over 20 countries.
“The company has the experience and expertise along the entire real estate value chain and exporting real estate expertise overseas has been the company’s forte.
“Being an investor, developer, operator and manager of real estate, we also provide financial solutions across sectors and geographies,” the executive said.
CapitaLand believes in leveraging on its huge asset base, real estate domain knowledge, financial skills and extensive market network to develop real estate financial products and services in Singapore and the region.
Since its formation at end-2000, CapitaLand has consistently leveraged on its multi-sector strategy, and its expertise and experience across the whole real estate sector to create shareholder value of over S$19bil.
With more than 70 malls and residential developments in Chinese cities such as Shanghai and Beijing, CapitaLand achieved close to 30% of its revenue in China last year, up from 20% in 2006.
The Singapore-based developer is one of the largest retail real estate owners and managers in the region with more than 115 malls in Singapore, China, India, Malaysia and Japan.
“Essentially the success factor is CapitaLand’s track record of innovative asset enhancements be it in Singapore, China or Malaysia.
“These asset enhancement initiatives create significant value at these malls through proactive management and retail real estate management expertise,” the executive said.
He added that China was an excellent example of CapitaLand’s growth overseas by exporting its real estate value chain.
CapitaLand has been in China for over 13 years, with the country accounting for 30% of the company's total assets in the first six months of this year.
“We have an extensive presence in China. We enjoy a stable operating environment in Shanghai, Beijing, Guangzhou and healthy fundamentals in inner cities such as Chengdu and within the Henan province.
“As the largest foreign player in Chinese shopping malls, CapitaLand’s retail footprint now extends beyond 70 malls across 28 cities, with most of the malls anchored by Wal-Mart, Carrefour or Beijing Hualian,” he said.
CapitaLand recently signed a cooperative agreement with China Vanke Co. Ltd., China’s largest residential developer, to acquire new and existing retail components within Vanke’s townships.
On the commercial property sector, CapitaLand owns Raffles City Shanghai and Capital Tower Beijing. Under development are three more Raffles City developments in Beijing, Chengdu and Hangzhou.
These highly integrated developments comprise retail, commercial and serviced residence components. Each development is strategically located in the core central business district and at the nodes of main transport networks.
By The Star
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