CapitaLand REIT forays into Europe with $420m Frankfurt property acquisition

Photo by Justin Main on Unsplash

CapitaLand Commercial Trust, Singapore’s largest commercial REIT by market cap, has agreed to acquire a 94.9 per cent stake in a freehold Grade A commercial property in Frankfurt, valued at €356.0 million, as it looks to start expanding its footprint beyond Asia.

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