A plan by CapitaLand Retail China Trust (CRCT) to acquire three properties from its sponsor has drawn questions on whether the move will be truly distribution per unit (DPU)-accretive.
The REIT announced on 11 June that it has entered into an agreement to acquire 100% interests in three companies that hold the three multi-tenanted malls from CapitaLand.
The properties are namely CapitaMall Xuefu and CapitaMall Aidemengdun in Harbin, and CapitaMall Yuhuating in Changsha.
Related: CapitaLand’s China REIT to fund SGD0.5 billion acquisition with debt, equity mix
The REIT’s total outlay for the acquisition is estimated at SGD505.4 million.
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