Singapore’s CapitaLand to create APAC’s 3rd largest REIT with merger of two units

Singapore’s CapitaLand to create APAC’s 3rd largest REIT with merger of two units

Photo: Reuters

Singapore-based real estate developer CapitaLand is set to form Asia Pacific’s third-largest diversified commercial real estate investment trust (REIT) with the proposed merger of its two units, CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT), the firm announced Wednesday.