Analysts monitoring CapitaLand’s China-focused retail REIT, CapitaLand Retail China Trust (CRCT), are mostly optimistic on its move to acquire a new mall in Inner Mongolia, despite prevailing concerns over the country’s macroeconomics.

CRCT has entered into an agreement that will see the REIT acquire a property in the region, while divesting an existing asset in the same region.

The property that will be acquired by the REIT is namely Yuquan Mall, while the property to be divested is CapitaMall Saihan, which is located right across the street from the former.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.