Even before proposed merger, CCT and CMT have been diversifying: managers

Singapore

CAPITALAND Commercial Trust (CCT) and CapitaLand Mall Trust (CMT) in recent dialogue sessions with unitholders, said that with or without a merger, both real estate investment trusts (Reits) have already been adopting a diversification strategy within their own portfolios.

The Reit managers were responding to questions about whether the management of both Reits will consider specific business plans to improve their respective Reits, rather than to proceed with the merger.