The Business Times
business-time-50
SUBSCRIBERS

Croesus Retail Trust looks to take manager in-house for S$50m (Amended)

This may be the first internalisation of an SGX-listed Reit or business trust

google-preferred-sourceAdd BT as a preferred source
Published Sun, Jun 12, 2016 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Singapore

IN what may be the first move of its kind here, a mainboard-listed business trust is looking to bring its trustee-manager into its fold.

Croesus Retail Trust (CRT) said on Sunday that the proposed sum for internalising its trustee-manager, Croesus Retail Asset Management, is 4.1 billion yen, or S$50 million.

Copyright SPH Media. All rights reserved.

Reuse this contentFeedback

TRENDING NOW

Andrew Lee, chairman of OCBC (right), and group chief executive Tan Teck Long speaking at Thursday's (Apr 16) AGM.

Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman

Marco Beltgens, assistant vice-president of global franchising for the Asia-Pacific at Enterprise Mobility, with Charmain Kwee, group executive director of Eurokars Group.

Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore

The iconic rainbow blocks of Rochor Centre were demolished in 2018 to 2019 to make way for the North-South Corridor.

20 photos that show how dramatically Singapore has changed in two decades

Key exports to all but four of Singapore’s top 10 markets have risen in March.

Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More