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Sinarmas Land pulls out as Kailong Reit's investor

It says decision has more to do with macroeconomic environment than any specific factors of the Reit per se

Singapore

REAL-ESTATE developer Sinarmas Land said on Wednesday it has decided not to participate as a strategic investor in China's Kailong Reit.

When contacted, a spokesman said this has more to do with the macroeconomic environment than any specific factors of the Reit per se.