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Year in Brief
January
CapitaLand signed an agreement with Beijing Hualian Group Investment Holding Co. to acquire two retail malls in Beijing for RMB1.75 billion (S$345 million).

CapitaLand announced plans to develop the Tianhe district site in Guangzhou into a mixed use project, comprising a 400-unit condominium, Beau Monde, and a 192-unit serviced residence.

CapitaLand partnered MGM MIRAGE and Kerzner International to bid for the proposed Singapore Integrated Resorts at Marina Bay and Sentosa respectively.

CapitaLand signed an agreement to sell its stake in a project company which owns an office building in Luwan district, Shanghai, for about S$161 million.


Beau Monde, Guangzhou
 

February

CapitaRetail Japan Fund acquired its second mall, Izumiya Hirakata, Osaka for JPY7.5 billion (S$120 million).

CapitaLand clinched a mixed development site in Beijing’s Dongcheng district for RMB547.6 million (S$108.4 million). High-rise apartments, offices and a retail podium will be built on the site.

CapitaLand started off its 5th Anniversary Celebrations with a Lunar New Year Reception for its business partners and distinguished guests.


Izumiya Hirakata Mall, Osaka
 

March

CapitaLand signed an agreement to purchase two office towers in Beijing’s CBD for RMB1.84 billion
(S$362 million). Capital Tower Beijing will be CapitaLand’s flagship office there when completed in 2006.
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