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CCT acquires second property in Frankfurt

To partially fund the purchase, it will place out new units at between S$2.043 and S$2.105 apiece to raise about $220 million; CCT's Q2 DPU is up 1.9% at 2.2 Singapore cents


CAPITALAND Commercial Trust (CCT) continues to deepen its presence in Frankfurt with the acquisition of a freehold office building - its second investment in the German metropolis under two years.

The Reit manager on Wednesday announced that it will acquire an effective...