SINGAPORE (Jan 22): CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT) are proposing to merge into a diversified commercial real estate investment trust (REIT) to be named CapitaLand Integrated Commercial Trust (CICT).

The merged entity is expected to have a market capitalisation of $16.8 billion and a combined property value of $22.9 billion, making it the largest REIT in Singapore and the third largest in Asia Pacific.

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