(July 29): On July 18, CapitaLand Commercial Trust’s placement units — to raise $220 million, most likely to partially pay for Frankfurt Main Airport Center — were snapped up in less than half an hour, and pricing was tight. CCT’s acquisition of a 94.9% stake in the building costs €251.5 million (about $387.1 million). The building’s initial net property income (NPI) yield is likely to be 4%.

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