Sovereign Wealth Fund Government of Singapore Investment Corporation (GIC) has disposed another 614,000 units in Malaysia-listed Retail REIT CapitaMalls Malaysia Trust. This comes on the back of previous disposals of 569,000 units reported in REITSWEEK last Thursday.

Government of Singapore Disposes 614,400 Units in CapitaMalls Malaysia
Government of Singapore Investment Corporation has disposed a total of 1,183,400 units in CapitaMalls Malaysia Trust this past week. 

With the latest disposals, GIC now holds a remaining 101,515,100 units in CMMT with a stake that has been reduced to 5.73 percent.

CMMT currently has a portfolio of 4 retail malls across Malaysia valued at RM2936 million with a total lettable area of 2,486,312 square feet. Units of CMMT clsed its trading day on the Bursa Malaysia at RM1.86.

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.