SPOT_ON
04-21
The launch of CLCR will allow CapitaLand’s existing China-based Reit, CLCT, to diversify its income and enhance its portfolio quality, said the company. Mr Gerry Chan, CEO of CLCT’s manager, said: “This aligns with (CLCT’s) growth strategy as a diversified, multi-asset class Reit, anchored by a broad portfolio of retail properties, business parks and logistics parks, while CLCR will focus on retail assets.”
@SPOT_ON：CAPITALAND INVESTMENT & CAPITALAND CHINA TRUST MASSIVE SHANGHAI IPO
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Comments

  • Warship
    04-21
    Warship
    The clct manager ceo has probably seen the writings on the wall. If CLCR  trades at much lower yield and discount to book value as compared to clct, it makes alot of sense for CLCR to absorb clct wholly. Clct unit holders will likely get CLCR units plus maybe some cash.
    • SPOT_ON: 
      CLCT trading at only 0.55x BOOK VALUE .. so a good time to divest some assets to new reit and make some returns.. While earning extra by owning the new reits
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