CAPITALAND INVESTMENT & CAPITALAND CHINA TRUST MASSIVE SHANGHAI IPO

SPOT_ON
04-17

CapitaLand Investment launches first retail Reit in China with assets worth 2.8 billion yuan


CapitaLand China Trust Management Limited is considering a significant transaction involving the establishment and listing of a new infrastructure securities investment fund, CapitaLand Commercial C-REIT, in China. This transaction includes the divestment of CapitaMall Yuhuating to a subsidiary of CapitaLand Mall Asia Limited and the subscription for a strategic stake in the new REIT. The move is part of a broader strategy to enhance CapitaLand’s market presence in China and is subject to approval by the trust’s unitholders at an upcoming extraordinary general meeting.




CapitaLand Investment launches its first retail Reit in China with assets worth 2.8 billion yuan

The listing will mark the first retail Reit sponsored by an international company on the Shanghai Stock Exchange



CapitaLand Commercial C-Reit will be seeded with CapitaMall Yuhuating in Changsha (above) and CapitaMall SKY+ in Guangzhou.



[SINGAPORE] CapitaLand Investment : 9CI 0% (CLI) announced on Thursday (Apr 17) that it intends to launch its first real estate investment trust (Reit) in China, to be named CapitaLand Commercial C-Reit (CLCR).


The company said that CLCR will be seeded with the mature assets CapitaMall SKY+ in Guangzhou and CapitaMall Yuhuating in Changsha, with a combined value of about 2.8 billion yuan (S$499 million) and a total gross floor area of 168,405 square metres. The malls have an aggregate committed occupancy rate of 97 per cent.

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Modified in.04-17
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Comments

  • SPOT_ON
    04-21
    SPOT_ON
    The launch of CLCR will allow CapitaLand’s existing China-based Reit, CLCT, to diversify its income and enhance its portfolio quality, said the company. Mr Gerry Chan, CEO of CLCT’s manager, said: “This aligns with (CLCT’s) growth strategy as a diversified, multi-asset class Reit, anchored by a broad portfolio of retail properties, business parks and logistics parks, while CLCR will focus on retail assets.”
  • SPOT_ON
    04-17
    SPOT_ON
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  • SPOT_ON
    04-17
    SPOT_ON
    Gerry Chan, CEO of CLCT's manager says that listing CLCR is an opportunity for CLCT to enter the expanding C-REIT market.

    "It provides a platform to unlock value from our mature assets, bolstering our financial flexibility to pursue income diversification and enhance portfolio quality.

    "This aligns with our growth strategy as a diversified, multi-asset class REIT, anchored by a broad portfolio of retail properties, business parks, and logistics parks, while CLCR will focus on retail assets," he adds

  • SPOT_ON
    04-21
    SPOT_ON
    The listing on the Shanghai Stock Exchange will be the first for a retail Reit by an international company.

    Gerry Chan, chief executive officer of CapitaLand China Trust’s (CLCT) manager, said that the new Reit, CapitaLand Commercial C-Reit (CLCR), offers a strategic opportunity for CLCT to enter the expanding China Reit (C-Reit) market.

  • SPOT_ON
    04-23
    SPOT_ON
    Great article, would you like to share it?
  • SPOT_ON
    04-22
    SPOT_ON
    Great article, would you like to share it?
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