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CapitaCommercial Trust's Q4 DPU inches up

It plans to seek development opportunities in Singapore

CAPITACOMMERCIAL Trust (CCT), which yesterday posted a 2 per cent increase in distribution per unit (DPU) to 2.09 cents for the fourth quarter of last year, plans to stick to its Singapore focus and will look at development opportunities here once its CapitaGreen project is completed, freeing up the trust's development limit.

Singapore Reits may undertake property development projects up to 10 per cent of the Reit's total assets.

CapitaGreen - coming up on the former Market Street Car Park site - is a 40-storey Grade A office tower with 700,000 sq ft of net lettable area.

As a wish list, the trust hopes to pre-lease at least half of this space before its completion in Q4 this year and then fill...

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