Raffles City Singapore remains jointly owned by CCT, CMT
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Mindy Tan
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Singapore
CAPITALAND has issued a clarification that the entire Raffles City Singapore - which includes a shopping mall, an office tower, two hotels and a convention centre - is jointly owned by CapitaLand Commercial Trust (CCT) and CapitaLand Mall Trust (CMT) in the proportions of 60 per cent and 40 per cent respectively.
The real estate group issued the statement in response to media reports relating to AccorHotels' announcement earlier this week that it had acquired Fairmont Raffles Hotels International (FRHI) Holdings.
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