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Croesus Retail Trust looks to take manager in-house for S$50m (Amended)

This may be the first internalisation of an SGX-listed Reit or business trust

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Published Sun, Jun 12, 2016 · 09:50 PM

Singapore

IN what may be the first move of its kind here, a mainboard-listed business trust is looking to bring its trustee-manager into its fold.

Croesus Retail Trust (CRT) said on Sunday that the proposed sum for internalising its trustee-manager, Croesus Retail Asset Management, is 4.1 billion yen, or S$50 million.

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