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Analysts upgrade calls on CapitaLand Commercial Trust amid maiden overseas acquisition

Stanislaus Jude Chan
Stanislaus Jude Chan5/18/2018 11:27 AM GMT+08  • 2 min read
Analysts upgrade calls on CapitaLand Commercial Trust amid maiden overseas acquisition
SINGAPORE (May 18): CGS-CIMB Securities and RHB Research have upgraded their respective recommendations on CapitaLand Commercial Trust (CCT), after the REIT on Thursday marked its maiden overseas entry with the acquisition of a 94.9% stake in Frankfurt of
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SINGAPORE (May 18): CGS-CIMB Securities and RHB Research have upgraded their respective recommendations on CapitaLand Commercial Trust (CCT), after the REIT on Thursday marked its maiden overseas entry with the acquisition of a 94.9% stake in Frankfurt office property Gallileo.

The freehold Grade A property, valued at €356 million ($569.6 million), is located in the prime Central Business District (CBD), also known as the Banking District, in the central German city recognised as a major financial hub.


See: CapitaLand Commercial Trust acquires 94.9% stake in $569.6 mil Frankfurt office property Gallileo

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