AUSTRALAND and its parent company CapitaLand have put plans to launch into Asia on the backburner.
Seven months after announcing its intentions, Australand and major shareholder CapitaLand yesterday said the parties have decided to put industrial and logistics strategy in
In a short statement to the market, Australand said given the current volatile market conditions, it was decided that both companies focus on their immediate development priorities on their existing businesses.
No investments have been made by the Joint Venture.
Australand said it will review its industrial and logistics development strategy in
The JV had plans to expand into the high growth Asian markets with initial focus on
Australand’s interest in the JV was to be headed by Peter Wilding, who relocated to
CapitaLand is one of the largest property companies in
Australian Property Journal
