CapitaCommercial Trust
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CapitaCommercial Trust (CCT, or the Trust) is Singapore's first listed commercial real estate investment trust (REIT) investing in quality income-producing properties predominantly used for commercial purposes. Listed on the Singapore Exchange Securities Trading Limited (SGX-ST) on 11 May 2004, CCT was created through a capital reduction exercise by CapitaLand Limited (CapitaLand), which was a distribution in specie to its existing shareholders.
Managed by CapitaCommercial Trust Management Limited (CCTML, or the Manager), an indirect wholly-owned subsidiary of CapitaLand, CCT has grown to be the largest listed commercial REIT by asset size since inauguration. By constantly developing new ideas and approaches to real estate management, CCT will stand firmly rooted as one of Singapore's premier commercial REITs.
Portfolio and Investments
CCT focuses on securing stable earnings via properties that are income-producing. As such, CCT's invested portfolio consists of 10 quality office buildings primarily situated in the prime location - Central Area - of Singapore. The properties are Capital Tower, Six Battery Road, One George Street, HSBC Building, Starhub Centre, Raffles City Singapore (60% interest through RCS Trust), Bugis Village, Wilkie Edge, Golden Shoe Car Park and Market Street Car Park.
In Malaysia, CCT holds 30% stake in Quill Capita Trust (QCT), a commercial REIT listed on the Bursa Malaysia Securities Berhad that owns commercial properties in Kuala Lumpur, Cyberjaya and Penang. CCT also has 7.4% stake in the Malaysia Commercial Development Fund - CapitaLand's first and largest private real estate fund in Malaysia that focuses on real estate development properties in Kuala Lumpur and the Klang Valley.
The way forward
Going forward, CCT's focus continues to be on well-located prime quality office buildings. CCT will maintain its execution strategy of being proactive and prudent in its capital management as well as proactive innovative asset management. Coupled with a strong sponsor as CapitaLand, CCT is in prime position to brave the next lap.