Two real estate investment trust (Reit) mergers tell quite contrasting stories in a vitally important sector for Singapore.
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One is a combination of two leading trusts in the CapitaLand stable: CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT), which began trading in its new merged form on the Singapore Exchange on November 3.
This amalgamation is an advancement of a long-standing trend: Reits coming together to gain scale, attract institutional investment in liquidity, lower their cost of funds and get bigger.
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