CapitaLand Investment Limited ( (SG:9CI) ) just unveiled an update.
CapitaLand Investment Limited has announced its application to launch its inaugural onshore real estate investment trust (REIT) in China, named CapitaLand Commercial C-REIT (CLCR), on the Shanghai Stock Exchange. This move marks a significant milestone as it would be the first international-sponsored retail C-REIT in China and the first by a Singapore-based company. The REIT will initially include two retail assets valued at RMB2.8 billion, benefiting from China’s policies to boost domestic consumption. CLI, along with CapitaLand China Trust and CapitaLand Development, will hold a strategic interest in CLCR, reinforcing CLI’s strategy to pursue asset-light growth and expand its presence in China by leveraging domestic capital.
More about CapitaLand Investment Limited
CapitaLand Investment Limited (CLI) is a leading global real asset manager, primarily involved in managing real estate investment trusts (REITs) and other real estate assets. The company focuses on the Asia Pacific region and is recognized as the largest REIT sponsor-manager by market capitalization in this area.
YTD Price Performance: -4.96%
Average Trading Volume: 12,018,883
Technical Sentiment Signal: Buy
Current Market Cap: S$12.65B
For an in-depth examination of 9CI stock, go to TipRanks’ Stock Analysis page.