Singapore's first China Reit ready to hit the market

The CapitaLand-sponsored Reit will hold seven shopping malls with a total asset value of S$690 million and is expected to raise about $150 million.

CapitaLand has received a conditional approval to list its long-awaited real-estate investment trust Reit with China-based retail assets on the Singapore stock exchange and, according to sources, will start pre-marketing of the vehicle today.

The listing vehicle, which will go under the name of CapitaRetail China Trust, will have a total asset value of about S$690 million $440 million and will initially comprise seven retail malls located in Beijing, Shanghai and three other Mainland cities, according to a...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: ipo | reit | retail | shopping malls | cicc | jpmorgan | ubs

Print Edition

FinanceAsia Print Edition