CRCT evaluating tenant mix; posts H1 DPU of 3.02 Singapore cents

Singapore

CAPITALAND Retail China Trust (CRCT) is assessing its tenant mix amid the Covid-19 pandemic and may "take the hard decision" to phase out tenants if their business formats are not viable, said Tan Tze Wooi, chief executive of the real estate investment trust (Reit)'s manager.

In a virtual results briefing on Wednesday, Mr Tan talked about a "continuous effort" to replace irrelevant trades with those that resonate with the lifestyle needs and spending preferences of consumers today.