CapitaMall sees good response for post-acquisition follow-on offer

Raffles City acquisition will diversify revenue base and bring the REIT closer to its total asset targets.

CapitaMall Trust, SingaporeÆs largest real estate investment trust by assets, last night completed the first leg of a follow-on unit sale that will allow it to raise a combined S$413.6 million $262 million.

The placement - which will account for up to 95.2% of the total targeted amount - saw strong demand from investors who were keen to tap into the REIT following its S$877.7 million $556 million high profile and yield accretive acquisition of a 40% stake...

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