Analysts are in favour of the merger between CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT) that will create a diversified commercial REIT named CapitaLand Integrated Commercial Trust (CICT).

The proposed merger is planned to be carried out through a trust scheme of arrangement.

UOB KayHian says CICT will become the largest REIT in Singapore and the second largest REIT in the Asia Pacific region.

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