CapitaLand Commercial Trust (CCT) is Singapore’s first and largest commercial REIT. It owns 10 centrally-located office and commercial properties in Singapore including Capital Tower, Raffles City, and CapitaGreen. As at 31 December 2017, CCT’s portfolio of properties is worth $10.4 billion.
I attended CCT’s 2017 annual meeting where former CEO Lynette Leong shed a tear expressing her gratitude to the staff of CCT. In November 2017, Leong left her role and was appointed as CEO of CapitaLand Commercial Limited (CCL), a wholly-owned business unit of CapitaLand, while head of asset management, Kevin Chee, succeeded her as CEO.
Though the new CEO had only been in charge a few months before the AGM, I attended the meeting to find out more the new leadership in place and the REIT’s past year performance. Here are eight things I learned from the 2018 CapitaLand Commercial Trust AGM:
1. Gross revenue grew …