The Business Times
business-time-50
SUBSCRIBERS

CapitaLand sells three Japan malls, Seoul office block for S$448m; enters Japan logistics sector

google-preferred-sourceAdd BT as a preferred source
Published Tue, Dec 1, 2020 · 09:50 PM

    Singapore

    CAPITALAND has divested three malls in Japan and an office building in South Korea for a total of S$448.7 million, as part of its ongoing portfolio reconstitution strategy, it said on Tuesday morning in a bourse filing.

    It also announced that it has made its first foray into Japan's logistics sector, entering into a joint venture with Mitsui & Co Real Estate, with CapitaLand as the majority partner, to develop and operate a logistics project in Greater Tokyo.

    CapitaLandS-ReitsLogisticsOffices

    TRENDING NOW

    Production at Gardenia's Pandan Loop manufacturing facility will cease on Jun 30.

    QAF-owned Gardenia axes 141 staff in Singapore, shifts production to Johor Bahru

    Meta’s aggressive spending on AI has caused concern among investors, who worry that the company’s investment may not ultimately pay off.

    Singapore staff first to go in Meta’s 8,000 global job cuts

    US President Donald Trump with President Xi Jinping after a visit to Zhongnanhai Garden in Beijing, on May 15.

    Xi Jinping has just rewritten the rules of US-China rivalry

    The move by Prabowo is aimed at addressing concerns about under-invoicing and transfer pricing by exporters, according to sources.

    Indonesia to bring commodity exports under centralised control, president says

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More