Official launch of Eureka Office Fund, the first Singapore-dollar
denominated wholesale property fund.
Relaunch of Raffles The Plaza and Swissôtel The
Stamford with a world-record breaking ribbon-cutting ceremony,
which had 3,238 participants cutting a ribbon measuring 5,776
Announcement of joint venture between PREMAS International
and Cushman & Wakefield to form Cushman & Wakefield
PREMAS, the first truly integrated real estate services business
Placement of 36.365 million new ordinary shares at A$1.65
per share, raised A$60 million.
Clinched contract, by Raffles International, to manage
two deluxe hotels in Turkey in the cities of Izmir (353 rooms)
and Bursa (174 rooms).
Secured a 15-year headlease by Ascott, for the 80-unit
St Marks property in London, for corporate leasing.
Issue of S$380 million principal amount of CapitaLand
convertible bonds due 2007.
Won Building and Construction Authority's Construction
Excellence Awards 2002 for Capital Tower and Woodsvale.
Launch of The Waterina, a freehold condominium along
Guillemard Road. It was the second best-seller in Q2, in terms
of units sold.
Acquired majority stake in a 108,011 square-metre residential
site in Changning district, Shanghai. About 2,000 units can
be built on the site.
Won three awards, by Raffles International, at the World
Divestment of 95% stake in PT Amethyst Wahyu for US$25
million (S$45.7 million) and 51% stake in PT Pakuwon Amethyst
for US$1.8 million (S$3.3 million).
Divestment of stake in Suzhou Taihu Chungten Real Estate
Development Co., Ltd for RMB 26.4 million (S$6.3 million).
Joint venture formed between Ascott and Mitsubishi Estate
Co Ltd, one of Japan's largest developers, to own, manage and
develop serviced residences in Japan.
Launch of The Shelford condominium with an "Education
Matters" scheme, which offered a rebate to homebuyers with
children studying in selected neighbouring schools.
Divestment of Ascott's freehold site in York Road, London,
for S$11.6 million profit, in line with Ascott's strategy to
focus on its core serviced residence business.
Acquisition of majority stake in Plot 9-1 at Luwan, a
choice 4,998 square-metre site in Shanghai, for the proposed
development of a prime, Grade A 20-storey office tower by 2005.
Sale of Ascott's stake in Somerset Grand Shanghai serviced
residence and a plot of land in Shanghai as part of the restructuring
of core assets for higher capital productivity.
Divestment of Costa Sands, East Coast & Costa Sands,
Pasir Ris, by Ascott, for S$10.9 million.
Raffles Hotel Singapore listed in the Superior Deluxe
Category of the Official Hotels Guide 2002.
Successful Initial Public Offering of CapitaMall Trust,
Singapore's first listed real estate trust (REIT). The IPO was
five times subscribed.
Unveiling of design for landmark AIG Tower in Hong Kong,
by AIG, CapitaLand and Lai Sun Development Company.
Announcement of joint venture to form Beijing Cushman
& Wakefield PREMAS.
Divestment of Cuppage Terrace by Ascott for S$19 million.
Investment in hospitality management school by Raffles
Strategic alliance signed between Raffles International
and Hotel Okura Co.
Launch of the freehold, 211-unit Belmond Green located
along Balmoral Road.
Launch of Casabella, a freehold development comprising
apartments, townhouses and strata semi-detached units, all sharing
common recreational facilities.
Delisting of Hind Hotels International Limited from the
Singapore Exchange, following the acquisition of all issued
Acquisition of a 62% stake in a prime residential site
in Chaoyang district, Beijing. The site can accommodate 1,450
New management contract secured for the 116-unit Olympia
Suites serviced residence in Makati City, the Philippines, making
Ascott the largest serviced residence chain in Manila.
Agreement made to divest CapitaLand's entire 65% stake
in Premier Health Corporation (M) Sdn Bhd for approximately
Topping-out ceremony for the US$350 million Raffles City
Shanghai, a prime Grade A office tower with a retail podium,
located opposite the historic People's Square in Shanghai.
CapitaLand and Raffles Holdings won the SIAS "Most
Transparent Company Awards" for the property and hotel
categories respectively. Ascott was runner-up in the hotel category.
First quarterly results briefing held by CapitaMall Trust
Management Ltd, where a "5% increase in net distributable
income" for CMT unitholders was announced.
Successful launch of the 913-unit Summit Residences (Chrysanthemum
Park Phase 3) where the 436 units released were almost fully
Meeting of the CapitaLand International Advisory Panel
(IAP) to discuss the business strategies and plans of the Group.
Exercised call option to buy issued shares of Robinson
Point Pte Ltd at an expected purchase price of S$193 million.
Official launch of Glentrees, a 176-unit, 999-year leasehold
condominium at Mount Sinai Lane. Its creative architectural
design provided for generous gardens in each home.
Completion of transaction to securitise the sales receivables
from The Waterina condominium, raising approximately S$198 million.
Exercised call option to buy issued shares of 268 Orchard
Road at an expected purchase price of S$184 million.
Entered into a conditional put and call option agreement
to acquire prime suburban IMM Building.
Agreement entered by Ascott to acquire a 50% interest
in the pan-European serviced residence chain Citadines, making
Ascott a major serviced residence provider across the Asia Pacific
Ascott was first runner-up in the 29th Singapore Annual
Report Award Competition for the mainboard category. CapitaLand
won a Commendation Award.
the Plaza and Swissotel
signing: Ascott and Mitsubishi Estate Co Ltd
of Cushman & Wakefield PREMAS
first trading day
|Raffles City ShangHai