To The Moon

CapitaLand Investment launches first retail Reit in China with assets worth 2.8 billion yuan CapitaLand China Trust Management Limited is considering a significant transaction involving the establishment and listing of a new infrastructure securities investment fund, CapitaLand Commercial C-REIT, in China. This transaction includes the divestment of CapitaMall Yuhuating to a subsidiary of CapitaLand Mall Asia Limited and the subscription for a strategic stake in the new REIT. The move is part of a broader strategy to enhance CapitaLand’s market presence in China and is subject to approval by the trust’s unitholders at an upcoming extraordinary general meeting. CapitaLand Investment launches its first retail Reit in China with assets worth 2.8 billion yuan The listing will mark the first retail Reit sponsored by an international company on the Shanghai Stock Exchange CapitaLand Commercial C-Reit will be seeded with CapitaMall Yuhuating in Changsha (above) and CapitaMall SKY+ in Guangzhou. [SINGAPORE] CapitaLand Investment : 9CI 0% (CLI) announced on Thursday (Apr 17) that it intends to launch its first real estate investment trust (Reit) in China, to be named CapitaLand Commercial C-Reit (CLCR). The company said that CLCR will be seeded with the mature assets CapitaMall SKY+ in Guangzhou and CapitaMall Yuhuating in Changsha, with a combined value of about 2.8 billion yuan (S$499 million) and a total gross floor area of 168,405 square metres. The malls have an aggregate committed occupancy rate of 97 per cent. $CapLand China T(AU8U.SI)$ $CapitaLandInvest(9CI.SI)$ $BABA-W(09988)$ $Meta Platforms, Inc.(META)$ $Amazon.com(AMZN)$