Description
CapitaLand Commercial Trust is a commercial real estate investment trust with properties valued at around SGD 11.6 billion. The trust owns eight properties in the central business district of Singapore. The trust also recently acquired two properties in Frankfurt, Germany, namely Gallileo and Main Airport Center. As of 2019, office space approximates 78% of gross rental income, with the remainder stemming from retail (13%) and hotel and convention centers (9%). The trust is externally managed by parent CapitaLand. CapitaLand currently retains a 31% stake in CCT after its listing in 2004 through an in specie distribution.