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CapitaLand Mall Trust

#1510

Rank

$11.79B

Marketcap

SG Singapore

Country

CapitaLand Mall Trust
Leadership team

Mr. Tee Hieong Tan (CEO & Exec. Non-Independent Director of CapitaLand Integrated Commercial Trust Management Ltd)

Ms. Mei Lian Wong (Chief Financial Officer of CapitaLand Integrated Commercial Trust Management Limited)

Ms. Jacqueline Lee (Head of Investment of CapitaLand Integrated Commercial Trust Mgmt Ltd)

Products/ Services
Real Estate, Real Estate Investment
Number of Employees
500 - 1000
Headquarters
Singapore, Central Region, Singapore
Established
2001
Net Income
100M - 500M
Revenue
500M - 1B
Traded as
C38U.SI
Overview
Location
Summary
CapitaLand Integrated Commercial Trust (CICT) is the first and largest real estate investment trust (REIT) listed on Singapore Exchange Securities Trading Limited (SGX-ST) with a market capitalisation of S$14.0 billion as at 31 December 2020. It debuted on SGX-ST as CapitaLand Mall Trust in July 2002 and was renamed CICT in November 2020 following the merger with CapitaLand Commercial Trust. CICT owns and invests in quality income-producing assets primarily used for commercial (including retail and/or office) purpose, located predominantly in Singapore. As the largest proxy for Singapore commercial real estate, CICT's portfolio comprises 22 properties in Singapore and two in Frankfurt, Germany, with a total property value of S$22.3 billion as at 31 December 2020. CICT is managed by CapitaLand Integrated Commercial Trust Management Limited, which is a wholly owned subsidiary of Singapore-listed CapitaLand Limited, one of Asia's largest diversified real estate groups.
History

On 12 July 2000, DBS Land and Pidemco Land announced a merger to form a company eventually owning about $18 billion in assets, making it the largest listed property company in Southeast Asia when completed. Although this followed a new measure imposed by Monetary Authority of Singapore to separate financial and non-financial activities of banking groups on 21 June 2000, DBS Bank had already divested most of its investments in DBSL and was holding 5.4% of DBSL, well below the 20% shareholding threshold for non-core banking activities under the new measure. More details of the merged entity were given on 31 July 2000. Named as CapitaLand on 6 September 2000, the merger was approved by shareholders on 18 October 2000 and was thus officially launched on 28 November 2000.On 13 September 2012, CapitaLand announced that it was listed on the Dow Jones Sustainability Asia Pacific Index in recognition of its sustainability efforts. It has been listed on the Index since then.On 14 January 2019, the Group announced that it would acquire Ascendas-Singbridge, a real estate group, from Temasek Holdings in an S$11b deal, which is approved by 90% of shareholders on 12 April 2019. The acquisition was completed on 30 June 2019.On 20 February 2019, CapitaLand said that its 2018 net profit jumped 12.3%, the highest in a decade.On 3 July 2019, it announced that Ascott Residence Trust and Ascendas Hospitality Trust would be merged, forming Asia's largest hospitality trust with S$7.6b in combined assets. This comes after the successful acquisition of Ascendas-Singbridge on 30 June 2019.On 29 September 2020, unitholders of CapitaLand Mall Trust and CapitaLand Commercial Trust voted in favour of the merger of both REITs to form CapitaLand Integrated Commercial Trust, which would become the largest Singapore REIT and one of the largest REITs in the Asia Pacific with an asset base of S$22.4 billion.On 20 September 2021, CapitaLand Investment listed on the SGX, following the Group's proposed restructuring of its business to focus on investment management.

Mission
Our mission is to create value for our Unitholders through active asset management, strategic capital recycle and prudent acquisitions.
Vision
Our vision is to be the leading retail mall trust in the region.
Key Team

Ms. Mei Peng Ho (Head of Investor Relations of CapitaLand Integrated Commercial Trust Management Limited)

Ms. Pei Siang Chia (VP of Group Communications)

Ms. Teresa Teow (Head of Retail Mgmt for Singapore & Director - CapitaLand Mall Trust Mgmt Ltd)

Mr. Chee Seng Pang (Dy GM & Head of Property Mgmt - Capitamall Trust Mgmt Ltd - Mngr)

Ms. Keng Looi (Head of Asset Management - CapitaLand Mall Trust Management Limited)

Mr. Jason Loy (Head of Operations for Singapore - Capitaland Mall Trust Management Limited)

Ms. Cindy Peh (Head of Leasing for Singapore - CapitaLand Mall Trust Management Limited)

Recognition and Awards
CMT has been awarded the Asia Pacific Retail Investment of the Year by Urban Land Institute in 2020, the Best ASEAN Retail Development at the PropertyGuru Asia Property Awards 2018, the Best Retail Rental by Euromoney in 2018 and many more.
References
CapitaLand Mall Trust
Leadership team

Mr. Tee Hieong Tan (CEO & Exec. Non-Independent Director of CapitaLand Integrated Commercial Trust Management Ltd)

Ms. Mei Lian Wong (Chief Financial Officer of CapitaLand Integrated Commercial Trust Management Limited)

Ms. Jacqueline Lee (Head of Investment of CapitaLand Integrated Commercial Trust Mgmt Ltd)

Products/ Services
Real Estate, Real Estate Investment
Number of Employees
500 - 1000
Headquarters
Singapore, Central Region, Singapore
Established
2001
Net Income
100M - 500M
Revenue
500M - 1B
Traded as
C38U.SI