Puah Tze Shyang, CEO of CapitaLand China expands on the second C-REIT. “We are planning to launch a second C-REIT this year, probably late second quarter, early third quarter. One of the assets is Raffles City Shenzhen. The office occupancy is almost 90%.”
During CapitaLand Investment’s FY2025 results briefing, analysts and media who awaited news of a merger with Mapletree were disappointed. More than that, CLI announced that it had a revaluation loss of $439 million, blamed mainly on China, causing net Patmi to plummet. Operating Patmi, however, rose 6% y-o-y to $539 million.
On the other hand, CLI may have a cash infusion if all goes according to plan. “We did a C-REIT listing in 2025, and we have another filing for another C-REIT listing,” says Paul Tham, group CFO, CLI.
