CapitaLand Investment’s launch of new C-Reit comes as it takes long-term view of China business
It has also built a diversified portfolio of more than 40 IT and business parks, industrial, logistics, lodging and data centre assets across India
[SINGAPORE] CapitaLand Investment (CLI) holds a long-term view of its business in China where it has built a strong foundation as part of the CapitaLand Group for over 30 years, said CLI’s group chief executive officer Lee Chee Koon.
Earlier this month, CLI announced it will launch its first real estate investment trust (Reit) in China with two major malls valued at 2.8 billion yuan (S$499 million).
On CapitaLand Commercial C-Reit’s proposed listing, Lee said: “CLI wants to continue to tap into China’s big domestic capital market to further grow its funds management business. Domestic investors are seeking opportunities to deploy their capital due to restrictions that limit the movement of yuan out from China.
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