Investor Presentaiton
Divestment of Partial Stakes in Six Raffles City Developments in China: Transaction Overview
... And On-going Discipline in Portfolio Reconstitution
Conscientious Pivot Towards New Economy Asset Classes
Business Park,
Industrial & Logistics
5%
Improve Capital Efficiency
While Retaining FUM
Lodging
26%
China
RE AUM
S$58.3Bn¹
CapitaLand
Residential,
Commercial Strata &
Urban Development
13%
A well-diversified
portfolio across
multiple asset
Data Centre Campus
in Minhang, Shanghai
Announced acquisition
of hyperscale data
centre campus in April
2021
Total consideration:
RMB3.66bn (S$757.7M)
Dalian Ascendas
IT Park
Increased stake for a
total consideration of
RMB501M (S$103M) in
May 2021
Target to grow new economy assets in
Notes:
1.
As at 28 June 2021
2.
3.
China to S$5bn
Five Business Park
Properties & Rock Square
Divested at
RMB8,130.0M
(S$1,653.1M) in Nov
2020, to CapitaLand
China Trust (CLCT)
Entered into a 49:51
JV with CLCT to invest
in Ascendas Xinsu
Portfolio
Partial Stakes in 6 RC
Developments
Divested at
RMB46.7bn (~S$9.6bn)
in Jun 2021, 6.7%
•
premium to valuation
Remains as asset
manager
• Continue generating FRE through fund
and/or asset management
Participate in continued growth of assets
through smaller stakes or via sponsored
vehicles
Investment values based on agreed property value (100% basis) or purchase/investment consideration
Divestment/transfer values based on agreed property value (100% basis) or sales consideration
Office
21%
CapitaMall
Retail
35%
Divesting Non-core Assets
Minzhongleyuan, Wuhan
Divested by CLCT at
RMB458.0M (S$93.4M)
in Jan 2021
Somerset Xu Hui
Shanghai
OMERSET
Divested at
RMB1,050.0M
(S$215.6M) by ART in
Feb 2021
• Achieved 171%
above book value
Unlock profits for recycling into higher
yielding assets
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