CRCT says acquisitions will all be accretive to distributable income

SINGAPORE (June 14): CapitaMall Xuefu and CapitaMall Aidemengdun in Harbin, Heilongjiang province, and CapitaMall Yuhuating in Changsha, Hunan province are three malls that CapitaLand Retail China Trust plans to acquire from CapitaLand, subject to unitholders’ approval in an extraordinary general meeting.

Indeed, unless unitholders have visited the properties, some may have difficulty recalling the names of CRCT’s 11 malls in China.

As at March 31, they were ­ CapitaMall Xizhimen, CapitaMall Wangjing, Capita­Mall Grand Canyon and CapitaMall Shuangjing in Beijing; Rock Square (51% interest) in Guangzhou; CapitaMall Xinnan in Chengdu; CapitaMall Qibao in Shanghai; CapitaMall Minzhongleyuan in Wuhan; Capita­Mall Erqi in Zhengzhou; CapitaMall Saihan in Hohhot (Inner Mongolia); and CapitaMall Wuhu in Anhui province.

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