The expanded mandate is for the Reit to invest in commercial properties, including those used for retail and/or office purposes, located predominantly in Singapore.
A novation agreement will thus also be inked on Wednesday for the existing right of first refusal that CapitaLand Singapore had granted CCT's trustee, to be novated to CMT. The scope of properties under this right of first refusal will be expanded to cover income-producing commercial real estate in Singapore, to be consistent with CMT's expanded investment mandate.For daily updates on weekdays and specially selected content for the weekend. Subscribe to
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