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DBS Group Research believes CapitaLand has been down playing rumours of a merger amongst its retail real estate investment trusts (Reits), reported Singapore Business Review.
Talks of a consolidation between CapitaLand Malaysia Mall Trust, CapitaLand Retail China Trust and CapitaLand Commercial Trust have been going around the industry, with others suggesting that they could form an Asia Pacific Reit.
“Whilst such a scenario is under consideration given the intention might be to build scale and growth, we understand that management prefer to have their REITs split into “developed market” and “emerging market” exposures given different market dynamics and risks,” said DBS Research lead analyst Derek Tan.
This article was edited by Denise Djong.
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