News about capital

SINGAPORE (July 10): CapitaLand recently announced its serviced residence segment, The Ascott, will acquire for A$180 million (RM588 million) an additional 60% stake in Quest Apartment Hotels.

SINGAPORE (July 5): The Ascott, a wholly owned subsidiary of CapitaLand, this morning announced that it is acquiring an additional 60% stake in Quest Apartment Hotels for A$180 million (S$191 million or RM594 million).

MAINLAND Chinese co­working space provider UrWork has partnered Collective Campus, a start-up accelerator based in Australia and Singapore, to set up a 6,889 sq ft co-working space at JTC LaunchPad @ one-north, which was officially launched on June 23.

SINGAPORE (July 4): CIMB says CapitaLand is on track to meeting its 8% ROE target by 2018.

SINGAPORE (July 4): UOB Kay Hian is reiterating its “buy” call on CapitaLand Commercial Trust (CCT), following news of its divestment of Wilkie Edge to construction and property development firm, Lian Beng Group, for a consideration price of S$280 million (RM870 million).

HANGZHOU (July 1): The recently opened Raffles City Hangzhou rises dramatically across the scenic Qiantang River at Hangzhou’s CBD.

SINGAPORE (July 3): Plans are afoot for more active and aggressive land-banking at CapitaLand, after the opening of four integrated projects in China in April, including three Raffles City projects.

PETALING JAYA (June 29): Construction and property development group TSR Capital Bhd said it is open to selling its office tower in Mutiara Damansara, Petaling Jaya, known as Menara TSR, and would use the gains from the disposal for future property development projects.

SINGAPORE (June 28): CapitaLand, through CapitaLand Mall Asia, is accelerating its shopping mall network expansion in China with three management contracts.

SINGAPORE (June 28): The Ascott Ltd, CapitaLand’s wholly-owned residence business unit, has secured seven new contracts to manage over 1,300 apartments across six cities in China.