CCT's DPU up as CapitaGreen boosts Q1 performance

Singapore

ATTAINING full ownership of CapitaGreen, an office tower along Singapore's Market Street, late last year drove CapitaLand Commercial Trust's (CCT) first-quarter results higher.

CCT, which posted its results on Wednesday, also said it has obtained the provisional permission of the Urban Redevelopment Authority (URA) for the proposed redevelopment of another building not far from CapitaGreen.

Distributable income at the trust rose by 9.9 per cent from a year ago to S$71.3 million in the first three months of financ…