The REIT’s sponsor is Singapore-listed CapitaLand Investment (SGX: 9CI), a leading global real estate investment manager.
CapitaLand China Trust, which was previously known as CapitaLand Retail China Trust, expanded its investment strategy last year to include office and industrial properties.
With the expansion, CapitaLand China Trust is making its maiden foray into the China logistics space by acquiring four logistics assets.
Here’s what you should know about CapitaLand China Trust’s entry into the attractive logistics sector.
TL;DR: CapitaLand China Trust’s Acquisition of Logistics Assets
Here are the key highlights from CapitaLand China Trust’s announcement:
- CapitaLand China Trust is acquiring a portfolio of four prime logistics assets in China
- The REIT’s total cost of the acquisition is estimated at around S$297.7 million
- CapitaLand China Trust intends to finance the acquisition through a mix of debt and equity