DBS has also booked rental reversion in the mid-10% for the new acquisition Rock Square for the next few years.
SINGAPORE (Feb 1): DBS says CapitaLand Retail China Trust's (CRCT) move to divest Anzhen and acquire the much younger Rock Square in Guangzhou signals a shift in focus from stability from master leases to growth.
In a Thursday report, analyst Derek Tan says although the initial yield of Rock Square is lower in comparison, the asset has greater growth potential and is also an indication of CRCT embarking on a growth path.
