CapitaLand announced that it will be launching an ecommerce platform eCapitaMall, and an online food ordering platform Capita3Eats in Singapore while property developer Oxley Holdings has received a proposal to buy the retail and banking podium of Singapore’s Chevron House for S$315 million ($223 million) from an anonymous suitor.
CapitaLand launches eCapitaMall and Capita3Eats
Singapore-listed real estate firm CapitaLand announced that it will be launching an e-commerce platform eCapitaMall, and an online food ordering platform Capita3Eats, to complement sales of its shopping malls in Singapore.
eCapitaMall is a curated digital mall featuring the merchandise of retailers, the majority of whom also operate in CapitaLand’s Singapore malls.
And, Capita3Eats is Singapore’s first mall-operated food ordering platform that offers consumers three ways to fulfill their food orders – delivery, takeaway or dine-in1.
“In the long term, our vision is to leverage CapitaLand’s extensive network to become an ecosystem provider, offering value-added services that support the needs of our retail partners holistically, both offline and online.”
CapitaLand owns and manages a global portfolio worth over S$131.9 billion as of 31 December 2019.
Oxley announces $223m offer for Chevron House
Property developer Oxley Holdings announced that it has received a proposal to buy the retail and banking podium of Singapore’s Chevron House for S$315 million ($223 million) from an anonymous suitor.
The deal will be made through Oxley’s wholly-owned subsidiary, Oxley Beryl, the entity that owns the prime, 32-storey commercial development. It is scheduled to be completed by June 30, 2020.
Oxley said a refundable deposit of S$3.15 million has been received from the anonymous suitor for the unit.
Oxley is listed on the Main Board of the SGX-ST and has a market capitalisation of approximately S$0.9 billion as of March 2020.
