Singapore’s CapitaLand to create APAC’s 3rd largest REIT with merger of two units

Singapore’s CapitaLand to create APAC’s 3rd largest REIT with merger of two units

Photo: Reuters

Singapore-based real estate developer CapitaLand is set to form Asia Pacific’s third-largest diversified commercial real estate investment trust (REIT) with the proposed merger of its two units, CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT), the firm announced Wednesday.

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