SUBSCRIBERS

CCT to buy majority stake in Frankfurt property for 343m euros

At least S$212m will be raised through equity placement for the trust's maiden property acquisition outside Asia

Published Thu, May 17, 2018 · 09:50 PM

Singapore

AFTER announcing its maiden property acquisition outside Asia - a Grade A office property in Frankfurt's CBD - CapitaLand Commercial Trust (CCT) said it would continue to be predominantly Singapore-focused.

The trust will look to allocate 10 to 20 per cent of its deposited property for overseas investments, focusing on core commercial assets in key gateway cities in developed markets, said Kevin Chee, chief executive of the Manager of CCT.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes