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CapitaLand to grow China exposure in high-growth sectors

Property giant aims to hit S$5b in investments over next few years, from S$1.5b

Published Mon, Nov 16, 2020 · 09:50 PM

Singapore

CAPITALAND has targeted to grow its China exposure in the "new economy" sector to S$5 billion over the next few years, from S$1.5 billion.

This will be done by redeploying part of the capital from asset recycling to new economy assets such as business parks, logistics and data centres, the property giant said on Monday.

CapitaLand said tenants from this new economy sector typically enjoy "robust fundamentals and a supportive regulatory environment".

As part of CapitaLand's active recycling, CapitaLand Retail China Trust (CRCT) has been designated the group's real estate investment trust (Reit) platform for non-lodging assets in China, with access …