Milestones

Milestones

2020

  • FEBRUARY

    • Issuance of S$100 million 3.29% notes due 2025 under the S$1.0 billion Multicurrency Debt Issuance Programme

2019

  • NOVEMBER

    • Entered into a joint venture to redevelop the iconic City Tattersalls Club project along Pitt Street in Sydney, marking the Group's first foray into the Australia property development scene (Australia)
  • OCTOBER

    • Successful recovery of Case 1 RMB170 million defaulted loan, maintaining a track record of no bad debt loss (PRC)
  • AUGUST

    • Launched for pre-sale, the SOHO units at Plot F of the Millenium Waterfront project in Chengdu, PRC
  • JUNE

    • Entered into a joint venture with Poly Group to develop the Skyline Garden development project in Wanjiang, Dongguan, PRC
  • JUNE

    • Commencement of operations of owner-managed Hampton by Hilton Utrecht Centraal Station in the Netherlands
  • MAY

    • Completed equity fund raising by (i) 1-for-7 rights issue of 3.98% perpetual convertible capital securities with free detachable warrants, which raised gross cash proceeds of approximately S147.6 million; and (ii) 1-for-10 bonus issue of warrants
  • MAY

    • Completed acquisition of a 60% equity interest in a mixed property development site (The Pinnacle) in Chang'an, Dongguan, PRC
  • MARCH

    • Completed acquisition of Westin Bellevue Dresden Hotel in Germany, subsequently rebranded as Bilderberg Bellevue Hotel Dresden in January 2020 (Germany)
  • JANUARY

    • Completed acquisition of Grand Hotel Puccini in Milan, Italy to be refurbished into a hostel to be managed by the Group (Italy)

2018

  • NOVEMBER

    • First entry into the Australian property financing market (Melbourne) with a A$50million loan disbursement via a 50-50 joint venture with Tai Tak (Australia)
  • SEPTEMBER

    • Successful resolution of Case 2 defaulted loans. RMB470 million principal sum was fully recovered, plus cumulative RMB216.1 million penalty interest collected (PRC)
  • JULY

    • Completed acquisition of an indirect effective stake of 20.4% in the Emerald of the Orient project, Dongguan, PRC, a primarily residential project with a saleable GFA of approximately 146,700 sqm (PRC)
  • MAY

    • Entered into a sale and purchase agreement in relation to the disposal of certain parts of Chengdu Cityspring which includes the 196-room M Hotel Chengdu, bare shell commercial spaces and basement carpark lots (PRC)
  • APRIL

    • Completed equity fund raising exercise by a 1-for-4 rights issue of 3.98% perpetual convertible capital securities which raised net cash proceeds of approximately S$161.5 million.
    • Bonus issue of one bonus share for every 10 ordinary shares.
  • JANUARY

    • Completed acquisition of Le Meridien Frankfurt Hotel (Germany)
  • JANUARY

    • Completed acquisition of Hilton Rotterdam Hotel (Rotterdam, the Netherlands)

2017

  • DECEMBER

    • Acquired Meerparc (Amsterdam, the Netherlands)
  • DECEMBER

    • Overwhelming response during the public sales launch of the residential units in The Terraced Tower (Rotterdam, the Netherlands)
  • OCTOBER

    • Commenced hotspring operations (Chengdu, PRC)
  • AUGUST

    • Acquired the Bilderberg Portfolio (16 owned hotel properties in The Netherlands)
  • JULY

    • Acquired property at Poortgebouw Hoog Catharijne (The Netherlands)
  • APRIL

    • Acquired East Sun Portfolio in Dongguan, PRC

2016

  • DECEMBER

    • Acquired Oliphant (The Netherlands)
  • DECEMBER

    • Grand opening of Crowne Plaza hengdu Wenjiang Hotel and Holiday Inn Express Chengdu Wenjiang Hotspring Hotel under Millenium Waterfront Project (PRC)
  • NOVEMBER

    • Signed a bulk sale agreement for Boompjes Rotterdam - the Group's first property development project (The Netherlands)
  • OCTOBER

    • Acquired Dreeftoren and Blue Wings (The Netherlands)
  • OCTOBER

    • Dilution of interests in the Dongguan Star of East River Project with net gain of S$97.3m; collaboration with Vanke for the project going forward (PRC)
  • APRIL

    • Entered into long term hotel management contracts with InterContinental Hotels Group (Shanghai) Ltd to operate the two hotels (to be branded as Crowne Plaza and Holiday Inn Express) of the Millennium Waterfront project (PRC)
  • MARCH

    • Commenced maiden property development project in The Netherlands through the redevelopment of the Boompjes property (The Netherlands)

2015

  • DECEMBER

    • Won the land tender for East River Plot Two of the above Star of East River Project (PRC)
  • DECEMBER

    • First time handover of residential units (Plot C) of Millennium Waterfront Project (PRC)
  • NOVEMBER

    • Acquired DL Portfolio of 16 office properties (The Netherlands)
  • OCTOBER

    • Secured long-term lease with reputable local cinema operator for Star of East River Project (PRC)
  • JUNE

    • Acquired Arena Towers (The Netherlands)
    • First time handover of commercial units (Plot B) of Millennium Waterfront Project (PRC)
  • MAY

    • Established S$1.0 billion Multicurrency Debt Issuance Programme, under which an aggregate of S$50 million 4.0% notes due 2018 was subsequently issued in June 2015
  • MARCH

    • Commencement of pre-sale for Plot A of Millennium Waterfront Project (PRC)
  • FEBRUARY

    • Acquired Zuiderhof I, the Group's first property in The Netherlands

2014

  • DECEMBER

    • First time handover of residential units (Plot B) of Millennium Waterfront Project (PRC)
  • SEPTEMBER

    • Ground breaking for Star of East River Project (PRC)
  • JULY

    • Listed on 22 July 2014
    • Obtained land use rights for East River Plot One of Star of East River Project (PRC)