CapitaLand Mall Trust's Bugis+ (Photo: REITsWeek)

BlackRock’s deemed interest in Singapore-listed retail REIT, CapitaLand Mall Trust, has increased to 7.12%.

This after subsidiaries of BlackRock, in which the financial group has control over, acquired direct interest in the REIT to the tune of 7,848,500 units.

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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.