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
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.
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