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CapitaLand Retail China Trust’s newly acquired mall a ‘potential core asset’

Broker's Calls

CapitaLand Retail China Trust’s newly acquired mall a ‘potential core asset’

Jude Chan Published on Mon, Aug 22, 2016 / 5:44 PM GMT+8

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SINGAPORE (Aug 22): CapitaLand Retail China Trust (CRCT) is looking at a “potential core asset” in its newest acquisition, the Galleria shopping mall in Chengdu, China.

CRCT has agreed to buy Galleria, which is located in established retail precinct Xinnan Tiandi, for RMB 1.5 billion ($305 million).

Galleria will be CRCT’s eleventh mall, and will enlarge its portfolio size by about 14% to RMB 12.5 billion.

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