Strong debut for Centurion Accommodation is only half the story unfolding in the S-Reit space
Pressure for value-up initiatives could test resources and networks of sponsor groups; CapitaLand Investment may set new standards for them with listing of a China Reit
[SINGAPORE] Following the successful debut of Centurion Accommodation Real Estate Investment Trust (Reit) on the mainboard of the Singapore Exchange (SGX) last Thursday (Sep 25), many investors may turn their attention this week to the listing of CapitaLand Commercial C-Reit (CLCR) on the Shanghai Stock Exchange.
This exercise could have significant implications for CapitaLand China Trust (CLCT), which has seeded CLCR with a shopping mall and taken a 5 per cent stake in the new Reit.
If CLCR garners a strong market valuation in Shanghai, CLCT would have an avenue to keep tapping China’s domestic capital market to unlock the value of its mature retail properties, and enable it to further diversify and strengthen its asset portfolio.
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