SUBSCRIBERS

CICT sets sights on scaling global ranks

The CEO of Singapore’s oldest and largest Reit, which celebrates its 20th anniversary this month, says larger asset base necessary to be an international name.

Jude Chan

Published Mon, Jul 4, 2022 · 05:50 AM

CapitaLand Integrated Commercial Trust

TONY Tan, chief executive officer of CapitaLand Integrated Commercial Trust : C38U 0% (CICT), has big ambitions for the Singapore-listed real estate investment trust (S-Reit).

CICT’s S$14.3 billion market capitalisation as at Jul 1 ranks it as the biggest S-Reit, and one of the 15 biggest counters listed on the Singapore Exchange (SGX).

CICT also sits among the 30 constituents of the benchmark Straits Times Index (STI).