ABOUT USCorporate Profile
CapitaLand China Trust (CLCT)1 is Singapore's largest China-focused real estate investment trust (REIT). Upon the completion of the transformational acquisition2 of five business parks and balance 49% interest in Rock Square, CLCT's enlarged portfolio constitutes 13 shopping malls3 and five business park properties. The geographically diversified portfolio has a total gross floor area (GFA) of approximately 1.8 million square metre (sq m), located across 11 leading Chinese cities. CLCT was listed on the Singapore Exchange Securities Trading Limited (SGX-ST) on 8 December 2006, and established with the objective of investing on a long-term basis in a diversified portfolio of income-producing real estate and real estate-related assets in China, Hong Kong and Macau that are used primarily for retail, office and industrial purposes (including business parks, logistics facilities, data centres and integrated developments).
CLCT's retail properties are strategically located in densely populated areas with good connectivity to public transport. The malls are positioned as one-stop family-oriented destinations that offers essential services and houses a wide range of lifestyle offerings that cater to varied consumer preferences in shopping, dining and entertainment. CLCT's portfolio comprises a diverse mix of more than 2,100 leases, which include leading brands UNIQLO, Xiaomi, ZARA, Haidilao, Nike, Perfect Diary, Starbucks Coffee and Li-Ning. The malls are CapitaMall Xizhimen, CapitaMall Wangjing, CapitaMall Grand Canyon and CapitaMall Shuangjing in Beijing; Rock Square in Guangzhou; CapitaMall Xinnan in Chengdu; CapitaMall Qibao in Shanghai; CapitaMall Minzhongleyuan in Wuhan; CapitaMall Saihan and CapitaMall Nuohemule in Hohhot; CapitaMall Xuefu, CapitaMall Aidemengdun in Harbin and CapitaMall Yuhuating in Changsha.
The portfolio of five business parks and industrial properties are situated in high-growth economic zones, which houses high quality and reputable domestic and multinational corporations operating in new economy sectors such as electronics, engineering, e-commerce, information and communications technology and financial services. The business parks and industrial properties exhibit excellent connectivity with close proximity to transportation hubs, and are easily accessible via various modes of transportation. The properties are Ascendas Xinsu Portfolio in Suzhou, Ascendas Innovation Towers and Ascendas Innovation Hub in Xi'an and Singapore-Hangzhou Science & Technology Park Phase I and Phase II in Hangzhou.
CLCT is managed by CapitaLand China Trust Management Limited4, a wholly owned subsidiary of Singapore-listed CapitaLand Limited, one of Asia's largest diversified real estate groups.
- CapitaLand Retail China Trust (CRCT) was renamed as CapitaLand China Trust (CLCT) with effect from 26 January 2021.
- The announcement regarding the acquisition of 51% interest in Ascendas Xinsu Portfolio, 100% interest in Ascendas Innovation Towers, 80% interest in Ascendas Innovation Hub, 80% interest in Singapore-Hangzhou Science & Technology Park Phase I And Phase II and balance 49% interest in Rock Square was issued on 6 November 2020. The acquisitions of 51% interest in Ascendas Xinsu Portfolio, 100% interest in Ascendas Innovation Towers, 80% interest in Ascendas Innovation Hub and 49% interest in Rock Square were completed on 4 January 2021, 10 February 2021, 26 February 2021 and 30 December 2020, respectively. The acquisition of the remaining two business parks is expected to be completed in 2Q 2021.
- The announcements regarding the divestment of CapitaMall Minzhongleyuan and CapitaMall Saihan were issued on 11 January 2021 and 1 February 2019 respectively. The divestment of CapitaMall Minzhongleyuan was completed in February 2021 while the divestment of CapitaMall Saihan is expected to be completed in 2Q 2021. With the completion of the divestment of CapitaMall Minzhongleyuan, CLCT has a portfolio of 12 retail malls.
- CapitaLand Retail China Trust Management Limited (CRCTML) was renamed as CapitaLand China Trust Management Limited (CLCTML) with effect from 25 January 2021.