Investor Presentaiton
Divestment of Partial Stakes in Six Raffles City Developments in China
Conclusion
This landmark transaction further illustrates CapitaLand's execution capability:
Ability to develop and significantly enhance the value of a sizeable portfolio;
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Ability to create value and realise a credible fund exit for capital partners;
CapitaLand
Disciplined unlocking of capital for potential reinvestment into other growth sectors (>S$2bn in net proceeds);
Improving portfolio capital efficiency by enhancing third-party capital participation from a reputable investor; and
Retaining asset management to generate recurring FRE for the portfolio
➤ Validates CapitaLand's credibility as a leading diversified real estate company in China, comprising a full-spectrum of
real estate capabilities that includes fund and asset management. Enhanced by CapitaLand's successful registration
as a domestic private equity fund manager, which will complement its existing offshore capital platforms such as
CapitaLand China Trust and portfolio of private funds.
➤ Strong endorsement of the resilience and potential of the Group's retail network, reinforced by a complementary and
rapidly growing digital platform (CapitaStar) with more than 13 million members in China.
Brings the total capital recycled across the Group to approximately S$11.2bn YTD. This is more than three times the set
annual target of S$3bn.
➤ Portfolio gains generated will meaningfully support the Group's financial recovery in FY 2021.
Note:
1.
Gross divestments on a 100% basis as at 28 Jun 2021
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