Operational Statistics Presentation
Section 3: FY 2020 Operational Highlights
Met Annual Asset Recycling Target and Achieved CapitaLand
Healthy Premiums
$3.04 Billion of gross divestments generated ~S$154 million² of portfolio gains in FY 2020
~9%² of divestment premium achieved on average across the Group
Maintained asset recycling momentum in 2021 with ~S$488 million of divestments announced YTD
The Group will remain focused on meeting our annual recycling target of S$3 billion in FY 2021
Transactions from 4Q 2020
RETAIL
Three matured malls in Japan (Nov 2020)
.
•
•
Divested at JPY 21.99bn (~S$283.6m)
Offloaded these non-core retail assets
above assets' Dec 2019 valuation
Completed in Nov 2020
CapitaMall Minzhongleyuan, China (Jan 2021)
•
.
Divested along with three sets of
premises in Wuhan at RMB458.0m
(~S$93.4m) via CLCT
3.9% above valuation as of 1
Nov 2020 and the book value of
the three sets of premises
Completed in Feb 2021
On 100% basis. Includes divestment of residential project in Shenyang, China
BUSINESS PARK (recycled into CLCT)
Five business park properties & Rock Square to
CLCT (Nov 2020)
•
.
Divested at RMB8,130m (~S$1,653.1m)
•
2.9% premium to valuation in Dec 2019
Target to complete by 1Q 2021
OFFICE
ICON Cheonggye, South Korea (Jan 2021)
Divested at an agreed property
value of KRW 136.3bn³ (~S$166.4
m), implying 27% above projected
development expenditure
Notes:
1.
2.
For only investment properties
3.
Property value based on an as-is development-in-progress basis
4.
Based on effective stake of 98.8%
5.
Licensed asset manager, Ascendas Asset Management Company, is a subsidiary of CapitaLand
•
•
Net gains of S$33m4
CapitaLand5 remains as the fund
and asset manager
Completed in Jan 2021
LODGING
Somerset Azabu East Tokyo (Dec 2020)
•
•
Divested at JPY5.9bn (~S$76m) via
ART
63% above book value with net
gains of S$30.6m
Completed in Dec 2020
Citadines City Centre Grenoble, France (Jan 2021)
.
•
•
Divested at EUR8.1m (~S$13m) via ART
35% above book value with net gains
of -S$44k
Target to complete in 1Q 2021
.
Somerset Xuhui Shanghai, China (Feb 2021)
Divested at RMB1,050m (~S$215.6m) via ART
171% above book value with net gains of
RMB536.6m (~S$110.2m)
•
Target to complete in 2Q 2021
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