CapitaLand Commercial Trust

CapitaLand Mall Trust and CapitaLand Commercial Trust unitholders vote in favour of proposed merger

Unitholders of CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT) on Tuesday voted "resoundingly" in favour of the proposed merger of CMT and CCT to form a new real estate investment trust (Reit), though CCT unitholders had lower percentage approvals than CMT unitholders. In a joint statement, the managers said more than 3,000 unitholders voted by proxy at CMT's extraordinary general...

CCT to buy German office building from CapitaLand, Lum Chang for 133.4m euros

CapitaLand Commercial Trust (CCT) will acquire an effective 94.9 per cent interest in the holding companies of a freehold office building in Frankfurt, Germany, from its sponsor CapitaLand and Lum Chang Holdings. The purchase consideration will be 133.4 million euros (S$205.3 million), the manager of the real estate investment trust (Reit) said on Wednesday morning. The property, Main Airport Center...

CapitaLand Commercial Trust pursues S$1.5b Duo office tower

CapitaLand Commercial Trust, Singapore's biggest office landlord, is among suitors in talks about a potential acquisition of the Duo office and retail development in the city, people with knowledge of the matter said. The real estate investment trust has been negotiating the purchase of a 39-story office building called Duo Tower, along with the connected Duo Galleria mall, according to the people. The...

CapitaLand Commercial Trust to buy remaining 60% stake in CapitaGreen for S$393m

CapitaLand Commercial Trust (CCT), Singapore’s largest office real estate investment trust, will acquire the remaining 60 per cent stake it does not own in the CapitaGreen office tower for S$393 million. CCT will buy a 50 per cent share from CapitaLand group and another 10 per cent share from Mitsubishi Estate Asia, the company said in a filing to the Singapore Exchange on Monday (May 23). The...

CapitaLand Commercial Trust DPU rises 2.1% amid higher rents

Commercial REIT CapitaLand Commercial Trust (CCT) reported a 2.1 per cent year-on-year increase in its distribution per unit (DPU) in the first half of this year, amid higher rents across its portfolio. CCT attained a DPU of 4.31 Singapore cents in H1 2015, according to data from CapitaLand Commercial Trust Management released on Friday (Jul 24). However, on a quarterly basis, the DPU rose just 0.5...

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