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Brokers' take
Add BT as a preferred sourcePublished Fri, May 18, 2018 · 09:50 PM
CapitaLand Commercial Trust > Buy UOB Kay Hian, May 18 May 18 close: S$1.71 Target price: S$2.09
THE S$548.3 million proposed acquisition of Gallileo Property will extend CapitaLand Commercial Trust's (CCT) footprint into Frankfurt's prime CBD, increase portfolio occupancy to 97.6 per cent, lengthen weighted average lease expiry to 6.1 years from 5.7 years, and add CommerzBank into its top 10 tenants list.
The total purchase consideration of 356.1 million euros (S$569.8 million),
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