CLCT divests CapitaMall Shuangjing for $157.8m sbr.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sbr.com.sg Daily Mail and Mail on Sunday newspapers.
Based on the asset’s net property income from Jan 1-Sept 30, 2023, the price tag represents an exit yield of 2.8 per cent. Read more at straitstimes.com.
CapitaLand China Trust (CLCT), Singapore’s largest China-focused real estate investment trust, has agreed to divest its entire equity interest in CapitaRetail Beijing Shuangjing Real Estate, which owns the CapitaMall Shuangjing shopping mall in Beijing, for 842 million yuan (US$118.2 million).