The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

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.

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. The fund is being launched in association with Aseambankers Malaysia, has a target size of $250 million, and is expected to close by the first quarter of 2007.

Malaysia is not CapitaLand’s only foreign foray. The firm also announced in December the launch of the largest Shariah-compliant real estate fund in Asia and the Gulf. The fund, to be called Raffles City Bahrain Fund, aims to raise up to $630 million from institutional and high-net-worth investors, including a stake expected to be up to 30% held by CapitaLand, and expects to close its funding by the first quarter of 2007.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree