IPO
Company Registration
CAPITARETAIL CHINA TRUST
(a unit trust constituted on 23 October 2006 under the laws of the Republic of Singapore)
Company Introduction
Overview of CapitaRetail China Trust (“CRCT”) CRCT is the first pure-play China
Retail real estate investment trust (“REIT”) based in Singapore. It is
established with the objective of investing on a long-term basis in a
diversified portfolio of income-producing real estate used primarily for retail
purposes and located primarily in China, Hong Kong and Macau. CRCT’s initial
portfolio of seven retail malls (the “Properties”) is strategically located
within large population catchment areas in five cities across China, including
Beijing, Shanghai, Wuhu (Anhui), Zhengzhou (Henan) and Huhehaote (Inner
Mongolia). The quality geographically diversified portfolio, valued at
approximately S$690 million, is anchored by major international and domestic
retailers, such as Wal-Mart, Carrefour and the Beijing Hualian Group. The
Properties are positioned as one-stop family-oriented shopping, dining and
entertainment destinations for the sizeable population catchment areas in which
they are located. The manager, CapitaRetail China Trust Management Limited (the
“Manager”), is an indirect wholly-owned subsidiary of CapitaLand Limited. The
Manager’s principal investment strategy is to invest in a diversified portfolio
of income producing real estate used primarily for retail purposes and located
primarily in China, Hong Kong and Macau. CRCT currently owns and invests in a
portfolio of Properties located in five various cities of China and, should
suitable opportunities arise, the Manager intends to grow the portfolio to
include other geographic markets where CRCT does not presently operate. The
Manager intends to hold the properties for long-term investment purposes and
will place strong emphasis on regular maintenance, periodic renovation and
capital improvement, as deemed necessary to maintain the attractiveness and
marketability of the Properties. The Manager’s key financial objective is to
provide Unitholders with a competitive rate of return for their investment by
ensuring regular and stable distributions to Unitholders and achieving
long-term growth in distributions and net asset value per Unit.
Closing Dates
Closing Date
Dec 06 2006 (Wed) 12:00 PM
Prospectus
capitaretail(29Nov).pdf
8.58 MB
Issue Manager And Underwriters
Issue Manager and Underwriter