Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
CapitaLand Investment to Launch Retail REIT in China With Assets Worth $500m
The Straits Times
|April 18, 2025
CapitaLand Investment (CLI) announced on April 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 CLCR will be seeded with mature assets CapitaMall SKY+ in Guangzhou and CapitaMall Yuhuating in Changsha, with a combined value of about 2.8 billion yuan (S$500 million) and a total gross floor area of 168,405 sq m. The malls have an aggregate committed occupancy rate of 97 per cent.
CLI has applied to register the REIT with the China Securities Regulatory Commission (CSRC), and to list the REIT on the Shanghai Stock Exchange (SSE). The listing would mark the first time an international company has sought listing of a retail REIT on the SSE and the first such retail REIT by a Singapore-based company, if approved.
This story is from the April 18, 2025 edition of The Straits Times.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Straits Times
The Straits Times
Back to The Grind on screen
Actors Chantalle Ng and Richie Koh reunite to play a couple working in the same company in the corporate drama
3 mins
December 20, 2025
The Straits Times
MAX HAS GOAL AFTER GOLD
S'pore kitefoiler ready for 2026 challenges, which includes reclaiming world c'ship title
3 mins
December 20, 2025
The Straits Times
3 doors, 4 wheels, many personalities
The Mini JCW Cooper 3Dr offers fun and finesse with style and substance
3 mins
December 20, 2025
The Straits Times
Cavaliers wary of Bulls' Giddey in 'rematch'
The Bulls held serve in Chicago, winning the first half of their back-to-back against the Cleveland Cavaliers behind a triple-double from Josh Giddey on Dec 17.
2 mins
December 20, 2025
The Straits Times
Suspected gunman in Brown University mass shooting found dead
The suspect in last weekend’s mass shooting at Brown University is dead from a self-inflicted gunshot wound, with investigators certain that he also killed a Massachusetts Institute of Technology (MIT) professor two days later, officials said on Dec 18.
2 mins
December 20, 2025
The Straits Times
Baht rallies to 3-year high against Singdollar
But Thailand's slowing growth, fiscal policies and political uncertainty may curb currency's rise: Experts
3 mins
December 20, 2025
The Straits Times
Co-op doctors and social workers join forces for more seamless care
Three-month pilot will see them collaborate through referrals, co-management of cases
3 mins
December 20, 2025
The Straits Times
Indonesian pro-government parties open to scrapping direct regional elections
Political parties behind President Prabowo Subianto's administration are open to his suggestion of scrapping the current system of direct elections for regional heads.
3 mins
December 20, 2025
The Straits Times
Knife-wielding attacker kills three in Taipei, dies during police chase
Three people were killed and five injured when a knife-wielding attacker went on a rampage in central Taipei on Dec 19, before dying during a police chase after falling from a building, the Premier said.
1 min
December 20, 2025
The Straits Times
Police probing case of man injured near Tampines MRT station
The police are investigating an incident that left a man injured near Tampines MRT station on the evening of Dec 19.
1 mins
December 20, 2025
Listen
Translate
Change font size