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January |
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July |
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CMT was included in the European Public Real Estate (EPRA) / National Association of Real Estate Investment Trusts (NAREIT) Global Real Estate Index (and its sub-indices), an international real estate equity benchmark. |
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During an Extraordinary General Meeting on 8 July 2004, Unitholders passed, inter alia, an extraordinary resolution to acquire Plaza Singapura from CCID. |
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The Manager announced CMT’s results for the period from 26 June to 31 December 2003: CMT’s distributable income exceeded distribution forecast for the same period by 6.7 percent. |
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The Manager announced CMT results for the period from 1 January to 30 June 2004: CMT’s distributable income exceeded the distribution forecast for the same period by 6.1 percent.
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CMT accepted an offer from Jurong Town Council allowing it to pay, in lieu of the annual rent payable, an upfront land premium of S$55.7 million for a tenure of 45 years in respect of IMM Building. |
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294.0 million new units were issued to partly-fund the acquisition of Plaza Singapura at a price of S$710.0 million: the public ATM offering of 31.0 million new units was fully subscribed within 20 minutes; and the private placement was over seven times subscribed. |
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February |
August |
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The Government announced in its 2004 Budget Statement that distributions from REITs received by individuals (all nationalities) will be exempted from tax, except where the distributions are derived through a partnership in Singapore or from the carrying on of a trade, business or profession. |
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The acquisition of Plaza Singapura was completed. |
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September |
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CMT won the ‘Most Transparent Company’ Award, REITs category, Securities Investors Association (Singapore) (SIAS) Investors’ Choice Award. |
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April |
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Installation of new escalators at Lobby A and travellators at Lobby B from Basements 1 to 3 was completed at Tampines Mall. |
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In a poll conducted by Finance Asia, CMT was voted amongst the top ten best companies in the categories of ‘Best Managed Companies (Singapore)’, ‘Best Corporate Governance (Singapore)’ and ‘Most Committed to Strong Dividends Policy (Singapore)’. |
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Two new food courts run by popular operators Kopitiam and Banquet commenced operations at IMM Building. |
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The Manager announced CMT results for the period 1 January to 31 March 2004: CMT’s distributable income exceeded the distribution forecast for the same period by 4.9 percent. |
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October |
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The Manager announced CMT results for the period from 2 August to 30 September 2004: CMT’s distributable income exceeded the distribution forecast for the same period by 4.4 percent. |
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May |
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The Manager announced that CMT has entered into a conditional ‘put and call’ option agreement with CapitaLand Commercial Limited, now known as CapitaLand Commercial and Integrated Development Limited (CCID), for the acquisition of Plaza Singapura. |
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Construction of the rooftop landscape plaza with playground and stage facilities was completed at Tampines Mall. |
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CMT was added to the Morgan Stanley Capital International (MSCI) Standard Index Series, an international equity benchmark widely used by institutional investors. |
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November |
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Installation of travellators from Levels 1 to 5 was completed at IMM Building. |
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June |
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December |
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A face-lift for the annex block at Funan The IT Mall was completed. This included a glass façade with escalators linking Level 1 to 3.
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Phase 2 of asset enhancement works at Junction 8 was completed, creating approximately 50,000 sq ft of new retail space from decanted office block. |
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