CapitaLand Investment

HOCK LOCK SIEW

Paragon deal: Why investors should get ready for more Reit mergers and take-private offers

In a less-conducive operating backdrop, smaller Reits may be weeded out, as larger ones play the role of consolidators

CLI notes that the gains for the fee-related business were underpinned by its funds platform, amid increases across segments.

CLI fee revenue up 10% in Q1 as real estate investment business revenue softens 14%; potential inflation may weigh on asset operations

Total revenue stands at S$487 million; real estate investment business revenue down following divestments

For FY2025, CLI’s earnings were at S$145 million, down 70% from S$479 million in FY2024, due mainly to lower portfolio gains and higher revaluation losses on the group’s China portfolio.

CapitaLand Investment sets sights on single flagship C-Reit to drive scale

In the longer term, it hopes to combine CapitaLand Commercial C-Reit with a second China Reit slated to list this year

Adding Paragon to its portfolio while exiting Asia Square Tower 2 enhances CICT’s yield and growth trajectory, thereby strengthening its investment case.
THE LEVEL GROUND

Paragon’s value lies in the opportunity for CICT to transform an ageing gem

The trust has the means and expertise to add value to the trophy Orchard Road asset

CLI says it will use its portfolio management capabilities to "enhance the performance of Income Insurance's real estate assets in Singapore".

CapitaLand Investment to manage Income Insurance’s S$2.4 billion real estate investment portfolio

Including the new mandate, CLI has completed ‘over S$12.1 billion’ in Singapore deals in the past 16 months

CICT is partially funding the mega Paragon purchase by simultaneously selling Asia Square Tower 2 to Malaysia’s IOI Properties for roughly S$2.5 billion.
COMMENTARY

The Paragon paradox: CapitaLand’s upscale retail mall scoop is a win – but for whom?

Just a year ago, investors were told that Paragon needed a massive makeover – but that narrative has been flipped entirely

CapitaLand Development's portfolio now includes 19,000 homes. Pictured is Sycamore, its large-scale residential project in Binh Duong province.
INSIDE ASEAN

Singapore developers deepen long-term bet on Vietnam

Key drivers include its young and more well-educated workforce, as well as a growing middle class

Despite the valuation drag from China, the group raised S$6.5 billion in total equity in FY2025, nearly doubling the S$3.3 billion raised in FY2024.

CapitaLand Investment to speed up divestments, capital recycling in China portfolio

Market softness in China triggers higher revaluation losses in FY2025

ounded in 1950, Club Med operates about 70 resorts globally covering sun and ski destinations.

Fosun Resort chain Club Med considers Hong Kong IPO: sources

The French group is in talks with banks about working on the potential share sale

CapitaMall Westgate Wuhan's valuation fell to 1.7 billion yuan as at end-2025, from 1.9 billion yuan in 2024.

Capitaland Investment dragged into red by China asset losses: What are the hits and misses?

Over the past five years, valuations of its assets in the country were down about S$1.6 billion