CapitaLand plans listing 'CapitaMalls Asia'

Property Report

CapitaLand Limited announced that CapitaLand Retail Limited, its wholly-owned subsidiary, has obtained a letter of eligibility-to-list to list its shares on the Main Board of the Singapore Exchange Securities Trading Limited (SGX-ST). CapitaLand Retail Limited will be renamed CapitaMalls Asia Limited (CapitaMalls Asia).

CapitaMalls Asia will have an interest in, as well as manage, a Pan-Asian portfolio of shopping malls with a total property value of approximately S$20.3 billion as at 30 June 2009. This portfolio will comprise a total of 86 retail properties across 48 cities in five countries in Asia with a gross floor area (GFA) of approximately 66.5 million square feet. Of the 86 properties within the portfolio, 59 are completed shopping malls consisting of 16 malls in Singapore, 32 malls in China, three malls in Malaysia, seven malls in Japan and one mall in India. Another 27 properties, located in Singapore, China and India, are in various stages of development. One ofCapitaMalls Asia’s most recent high profile developments in Singapore is the ION Orchard.

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