CCT renews Robinsons, M&S lease at Raffles City
Trust posts 7.2% increase in Q1 DPU to 2.08¢, poised to ride Grade A office rental recovery
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Kalpana Rashiwala
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Singapore
CAPITACOMMERCIAL TRUST (CCT), which posted a 7.2 per cent year-on-year increase in distribution per unit (DPU) for the first quarter to 2.08 cents, has renewed the 100,000 sq ft Robinsons/Marks & Spencer lease at Raffles City Shopping Centre.
CCT, which has a 60 per cent stake in Raffles City Singapore, did not name the tenant yesterday, when it revealed the size of the space involved for a major retail tenant's lease renewal in the complex, in its Q1 2014 results statement issued after the market close.
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