CapitaLand Investment launches its first retail Reit in China with assets worth 2.8 billion yuan
The listing will mark the first retail Reit sponsored by an international company on the Shanghai Stock Exchange
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[SINGAPORE] CapitaLand Investment (CLI) is moving to list its first real estate investment trust (Reit) in China with two major malls valued at 2.8 billion yuan (S$499 million).
The listing on the Shanghai Stock Exchange will be the first for a retail Reit by an international company.
Gerry Chan, chief executive officer of CapitaLand China Trust’s (CLCT) manager, said that the new Reit, CapitaLand Commercial C-Reit (CLCR), offers a strategic opportunity for CLCT to enter the expanding China Reit (C-Reit) market.
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