10 | CapitaLand Limited Annual Report 2014
Year in Brief 2014
–
CapitaLand
China
(CLC)
secured a prime 57,369 sqm
residential site in Sunjia,
+iangbei District, Ningbo for
RMB1.12 billion (S$232 million)
which is expected to be launch-
ready in 12 2015.
–
CapitaLand, CapitaMalls Asia
(CMA) and CapitaMall Trust
(CMT) granted options to
a
consortium
comprising
Sun 7enture )omes Pte. Ltd.
and Low Keng )uat (Singapore)
Limited to purchase Westgate
Tower, the ofmce component
of the Westgate integrated
development in +urong Gateway,
for
S$579.4
million.
The
consortium exercised the options
on 23 +anuary 2014.
–
Ascott and CapitaLand )ope
Foundation (C)F) donated
P)P1.87 million (approximately
S$56,000) to World 7ision’s
Typhoon Yolanda Relief and
Rehabilitation Operations.
–
CapitaLand marked its 20
th
anniversary in China at the
Group’s Lunar New Year Spring
Festival event in Singapore.
January
–
CapitaLand
announced
a
voluntary conditional cash offer of
S$3.06 billion, with a view to delist
CMA.
–
Ascott brought its premier Ascott
The Residence brand to Tokyo,
Japan through a partnership
with Mitsubishi Estate Company.
The 129-unit Ascott Marunouchi
Tokyo is slated to open in 2017.
–
Ascott acquired an operating
serviced residence located in
Sheung Wan in )ong Kong for
S$88.8 million. The 55-unit
property will be rebranded as
Citadines Mercer )ong Kong in
32 2014.
$SULO
–
CapitaLand achieved a 97.1%stake
in CMA and CMA was suspended
from trading on 10 June.
–
CapitaLand held its mrst 7olunteer
Day in China where more than
3,000 participants took part in a
large-scale charity experiential
walk across mve Chinese cities
and raised total proceeds of
RMB513,400.
–
Ascott formed a strategic alliance
with 7anke to drive its expansion
plans in China. It secured
contracts from 7anke to manage
two properties in Beijing, namely
the 157-unit Citadines Daxing
Beijing, Ascott’s mrst Citadines-
branded serviced residence in
Beijing and the 198-unit Somerset
Shunyi Beijing. Both properties
are slated to open in 2017.
–
Ascott secured its mrst franchise
agreements for an operating
serviced residence in 7ientiane,
Laos, to be rebranded as the
116-unit Somerset 7ientiane
and for the 194-unit Citadines
Kuta Beach Bali, Indonesia.
–
Ascott crossed its milestone of
35,000 apartment units globally
by securing contracts to manage
four more Chinese properties
with over 900 apartment units
in Taiyuan, Beijing, Shanghai
and Dalian. Ascott’s mrst
serviced residence in Taiyuan,
the 170-unit Ascott Taiyuan,
is slated to open in 2018,
while the 195-unit Ascott
Riverside Garden Beijing and
the 342-unit Somerset Sunland
Shanghai are both slated to open
in 2016.
June
February
–
CapitaLand placed out its
remaining stake of 39.1% in
Australand for S$970.1 million.
–
230 CapitaLand properties
across 20 countries participated
in the WWF’s Earth )our 2014
initiative.
–
CLC acquired a 60% interest in
two adjacent prime residential
sites in the New Southern Area
of Chengdu for RMB752 million
(S$155 million) to develop 4,600
apartment units to cater to
mrst-time
homebuyers
and
upgraders.
–
Ascott secured contracts to
manage the 153-unit Somerset
Kabar Aye Yangon, its mrst
property in Myanmar, and the
245-unit Somerset Zhuankou
Wuhan in China.
March
–
CapitaLand increased its offer
price for CMA to S$2.35 per
share and declared the offer
unconditional.
–
CapitaLand’s stake in CMA
crossed 80%.
May
Overview
