CapitaLand is fast becoming Singapore's most ambitious user of real estate investment trusts Reits. The property developer is about to list its second Reit, CapitaCommercial Trust, and is preparing for a third, which will involve residential properties - presumably to be called CapitaResidential Trust if the present nomenclature is continued.
CapitaCommercial has also just closed a $340.6 million debt funding exercise prior to its listing. The securitization, which is the biggest ever from a Singaporean originator, involves four loans made to the trust, which are secured by first-ranking mortgages over four office buildings Capital Tower, Six Battery Road, Robinson Point and StarHub Centre, one mixed-use commercial...
