CMT, CCT push ahead with union amid closer regulatory scrutiny of intra-group mergers
CCT would effectively be diversifying away from offices to retail properties, which could face disruption from e-commerce for years to come
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
CAPITALAND Mall Trust (CMT) and CapitaLand Commercial Trust (CCT) are quickly pushing ahead with their merger plans.
With an enlarged flagship asset securitisation vehicle, the CapitaLand group will be in a stronger position to seize growth opportunities as economies around the region emerge from their coronavirus-induced stupor.
On top of that, CapitaLand will not have to worry about the possibility of more onerous regulation making such intra-group mergers of real estate investment trusts (Reits) harder to pull off in the future.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
