Asia market round-up: Singapore Reit pioneer heads overseas

CapitaLand Limited, Singapore’s leading property group and already the sponsor of four Singapore-listed real estate investment trusts, including the recent mainland China Reit, CapitaRetail China Trust, added to its portfolio in December with the IPO of a fifth Reit and its first to be listed abroad.

CapitaLand Limited, Singapore’s leading property group and already the sponsor of four Singapore-listed real estate investment trusts, including the recent mainland China Reit, CapitaRetail China Trust, added to its portfolio in December with the IPO of a fifth Reit and its first to be listed abroad.

Quill Capita Trust, a commercial Reit invested in Malaysian properties, is seeking to raise about $60 million and expects to list in January 2007 on the local Malaysian exchange. CapitaLand also announced in December the launch of the Malaysian Commercial Development Fund, a private equity fund that will invest opportunistically in real estate in Malaysia.

Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access