CapitaCommercial Trust's HSBC Building, Singapore.CapitaCommercial Trust's HSBC Building, Singapore.

Global investment manager CBRE Clarion Securities LLC disposed off 262,000 units of Singapore-listed office REIT CapitaCommercial Trust (CCT) (SGX:C61U) on 22 May.

The units were disposed at a price of SGD1.62 each via a market transaction and reduces CBRE’s stake in CCT to 5.99% from 6% previously.

According to documents filed by the company, the units in CCT are held by funds managed or advised by clients of CBRE Clarion Securities. The investment manager still holds about 173 million units of the Singapore office property-heavy REIT.

CCT closed the trading week 2.45% higher from its previous trading day at SGD1.67 on the Singapore Exchange.

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.