CapitaLand Integrated Commercial Trust's first asset in Australia. (Photo: CapitaLand Integrated Commercial Trust)

CapitaLand Integrated Commercial Trust (CICT) was the top Singapore Exchange (SGX)-listed REIT disposed of by institutional investors last week.

The REIT saw an SGD8.2 million outflow of institutional funds, amid signals that the US Federal Reserve would raise the interest rate for up to two more times in 2023.

CICT is a mixed commercial REIT with a portfolio of office and retail assets across Singapore and in overseas markets such as Germany.

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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.