Basic Profile & Key Statistics
Main Sector(s): Retail, Office & LogisticsCountry(s) with Assets: China
No. of Properties (exclude development/associate/fund): 20
Performance Highlight
Gross revenue, NPI, distributable income and DPU before retention improved yoy mainly due to the full half-year contribution from the 5 business parks and 4 logistics parks, which were acquired in 2021.
Rental Reversion
Rental reversion for 1H 2022 is at -2.8% for retail and +6.4% for business parks & logistics parks.
Shopper Traffic & Tenant Sales
Both shopper traffic and tenant sales have declined in 1H 2022 due to stringent COVID-19 measures in April and May. The good thing is, the situation improved in June.
Asset Enhancement Initiatives
AEI for CapitaMall Wangjing is expected to be completed by 3Q 2022, of which is expected to increase the rent by more than 100%. As for AEI of CapitaMall Grand Canyon, it
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