Positioning for the Future | 11
–
CapitaGreen, the Grade A ofmce
building jointly developed by
CapitaLand, CapitaCommercial
Trust and Mitsubishi Estate Asia,
celebrated its topping-out.
–
Ascott secured contracts to
manage two serviced residence
properties inJeddah, Saudi Arabia.
The 52-unit Ascott Sari Jeddah
is slated to open in 2015 and
the 135-unit Somerset Corniche
Jeddah, the mrst Somerset-
branded serviced residence in
Saudi Arabia will open in 2016.
–
CapitaLand
celebrated
its
20
th
anniversary of operations in
China with a gala dinner and a
China-Singapore Dialogue with
Prime Minister Mr Lee )sien
Loong.
–
C)F donated about S$545,000
worth of schoolbags to about
18,000 underprivileged children
in Singapore, China, Malaysia
and India, under its key annual
corporate social responsibility
programme iMy Schoolbagw.
–
Ascott crossed its milestone
of 12,000 apartment units in
China by securing contracts to
manage mve more properties
with 1,000 apartment units in
Yinchuan, Changsha, Shenyang
and 9i’an, all of which are slated
to open in 2018. Ascott is the mrst
international serviced residence
owner-operator to operate in
these cities.
–
Ascott secured a contract
to manage its mrst Citadines
Apart’hotel in South Korea.
The 468-unit Citadines )aeundae
Busan is slated to open in 2015.
–
CapitaLand signed a 50-50
joint venture agreement with a
subsidiary of Credo Group to build
its mrst integrated development in
Jakarta, Indonesia.
–
Completion of sale of Westgate
Tower.
–
CLCcelebrated the10
th
anniversary
of Rafnes City in China.
–
CLC launched Century Park,
located in New Southern Area,
Chengdu, nine months after its
acquisition.
–
CapitaLand
broke
ground
for Jewel Changi Airport,
an iconic mixed-use development
located in Singapore’s Changi
Airport which it is developing in
partnership with Changi Airport
Group.
–
CapitaGreen obtained temporary
occupation permit and secured
leasing for 69.3% of its net
lettable area.
–
Ascott celebrated its 30
th
anniversary and added 27
properties with more than 4,800
apartment units to its global
network in 2014.
–
Ascott acquired the 185-unit
Ascott Kuningan Jakarta under
a conditional agreement with
PT Ciputra Adigraha for
S$90 million.
–
Ascott secured a contract
to
manage
the
222-unit
Ascott Waterfront Saigon which
is slated to open in 2016.
–
CapitaLand entered into a
joint venture with Juta Asia
Corporation Sdn Bhd to develop
a freehold residential land parcel
in Kuchai Lama, Kuala Lumpur.
The project which is expected to
be launch-ready in 2015,
is located near Mid 7alley City.
-XO\
November
'HFHPEHU
–
C)F pledged a dollar-for-
dollar donation raised from a
charity concert and presented a
$200,000 donation to President’s
Challenge 2014.
–
Ascott secured a contract to
manage its mrst Somerset-branded
serviced residence in Gurgaon,
India. The 174-unit Somerset
Diplomatic Greens Gurgaon is
slated to open by 2019.
August
–
The completion of d’Leedon,
the largest condominium in
Singapore, was marked by a
world-record setting feat of the
longest playable stringed musical
instrument ever set up and played.
The large-scale completion party
was well-attended by about 4,000
residents and their guests.
–
Ascott secured a management
contract for the 117-unit Ascott
Culture 7illage in Dubai which is
slated to open in 2017.
–
Ascott entered into a strategic
partnership with 2uest in Australia
to invest up to AUD500 million
(approximately S$560 million)
to acquire new properties in
Australia over the next mve years.
Ascott also signed an agreement
to acquire a 20% stake in 2uest.
October
Overview
