CapitaMall Yuhuating, Changsha, Hunan Province. (Photo: CapitaLand)

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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By Shariffa Al-Habshee

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