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CCT renews Robinsons, M&S lease at Raffles City

Trust posts 7.2% increase in Q1 DPU to 2.08¢, poised to ride Grade A office rental recovery

Lynette Leong, CEO of CapitaCommercial Trust Management Ltd, said that the trust's monthly average office portfolio gross rent continued its uptrend, rising from $8.13 per square foot (psf) at end-Dec 2013 to $8.22 psf at end-March 2014 - PHOTO: SPH

Singapore CAPITACOMMERCIAL TRUST (CCT), which posted a 7.2 per cent year-on-year increase in distribution per unit (DPU) for the first quarter to 2.08 cents, has renewed the 100,000 sq ft Robinsons/Marks & Spencer lease at Raffles City Shopping Centre. CCT, which has a 60 per cent stake in