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school135perm Homepage > Equities > SINGAPORE EXCHANGE > CapitaLand Limited CATL SG1J27887962

CAPITALAND LIMITED (CATL)
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CapitaLand : Acquires Office Building in Germany for 245 Million Euros via a Joint Venture

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12/28/2017 | 01:31am CET
 By Joanne Chiu 
 

CapitaLand Ltd. (C31.SG) said it has acquired an office building in Germany via a joint-venture company with Lum Chang Holdings Ltd. (L19.SG) for 245 million euros ($291.3 million).

The Singapore-based developer said Thursday that the acquisition of the Main Airport Center in Frankfurt is the company's first investment in an office building in Germany.

CapitaLand holds a 94.9% effective interest in the freehold multi-tenanted office building, while its joint-venture partner owns the remaining 5.1% stake, it said.

CapitaLand President and CEO Lim Ming Yan said the company sees significant investment opportunities in key gateway cities in Europe, Australia and the U.S.

"We will remain aggressive but disciplined to reconstitute our portfolio and deploy capital to quality higher yielding assets, while continuing to grow our recurring income base by strengthening our operating platforms and assets under management," he said.

Write to Joanne Chiu at [email protected]

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Financials ( SGD)
Sales 2017 4 727 M
EBIT 2017 1 853 M
Net income 2017 1 298 M
Debt 2017 10 843 M
Yield 2017 2,73%
P/E ratio 2017 14,00
P/E ratio 2018 14,83
EV / Sales 2017 5,71x
EV / Sales 2018 5,69x
Capitalization 16 157 M
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CapitaLand Limited Technical Analysis Chart | CATL | SG1J27887962 | school135perm
Technical analysis trends CAPITALAND LIMITED
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 4,21 SGD
Spread / Average Target 11%
EPS Revisions
Managers
NameTitle
Ming Yan Lim President, Group CEO & Executive Director
Kee Choe Ng Chairman
Juan Thong Leow Chief Operating Officer
Cho Pin Lim Group Chief Financial Officer
John Powell Morschel Independent Non-Executive Director
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