CapitaLand Investment secures approval for its second C-Reit at 4.8 billion yuan
The assets in the Reit are Raffles City Shenzhen and CapitaMall Fucheng
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[SINGAPORE] CapitaLand Investment (CLI) announced on Monday (Jun 22) that it has received registration approval from relevant regulatory bodies for a China commercial real estate investment trust (Reit).
The Huaxia CapitaLand Closed-End Commercial Real Estate Securities Investment Fund – or CapitaLand Commercial C-Reit – has two assets with a combined appraised value of around 4.8 billion yuan (S$917.4 million), the company said.
Additionally, a proposed fundraising scale stands at nearly 3.9 billion yuan.
The assets in the Reit are the Raffles City Shenzhen integrated complex project and CapitaMall Fucheng, which together span a gross floor area of 340,046 square metres.
Raffles City Shenzhen is situated in a “prime location” in Nanshan district, Shenzhen, said CLI, with direct access to metro lines 9 and 12 at Nanyou station.
It encompasses various asset types including a shopping mall, office buildings and serviced apartments.
Meanwhile, CapitaMall Fucheng is located in the core commercial district of Mianyang in Sichuan. The project has reportedly maintained near-full occupancy for the past three years, with footfall and sales revenue displaying “healthy growth”, said CLI.
The asset manager previously said the listing is expected to proceed in Q2 or Q3 2026, noting goals to combine CapitaLand Consumption C-Reit with the second China Reit.
CLI is the fund’s sponsor and operating management entity, and will continue to oversee operations of the underlying projects following the Reit’s listing. It will hold a 20 per cent stake in the fund as a strategic investor.
This move follows the listing of CapitaLand Consumption C-Reit in September 2025, which was the company’s first retail C-Reit with an international sponsor.
CLI has operated in China for more than 30 years, managing 43 shopping malls, 27 office buildings and 252 lodging assets as at December.
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