More News
COMMERCIAL PROPERTY | Staff Reporter, Singapore

CapitaLand inks investment deal for central China development

It's eyeing expansion under its “core city clusters, dominant assets” strategy.

CapitaLand, through its subsidiary CapitaLand China, is looking to invest in a proposed integrated development in Wuchang, Hubei, within central China.

According to a press release, CapitaLand signed a memorandum of understanding (MOU) with the district government to explore the investment.

"The potential scale of the proposed integrated development on the site is expected to surpass all CapitaLand’s existing properties in central China," CapitaLand said.

The company said that it is eyeing expansion through its “core city clusters, dominant assets” strategy.

The MoU is not legally binding. Both parties will further negotiate for the detailed terms of the cooperation if and when entering into definitive agreements.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.