CapitaLand Investment

Exchange impact is partially offset by 16% lower property expenses

It would then be up to their boards to achieve the objective in a manner that respects minorities, and put accountable managers in place

Major landlords are investing heavily to revamp malls, reshape tenant mix to map new consumer habits for better returns

The group will still look at special situations deals if opportunities emerge, said a person familiar with the matter

The assets in the Reit are Raffles City Shenzhen and CapitaMall Fucheng

She assumes the role fully on Oct 1; at Mapletree, Wong Mun Hoong will step into her vacated post

Headcount in its Singapore base has also been reduced, though the proportion stays unchanged at 24% of global employees

Mapletree exploring first renminbi fund with Chinese insurers, while CapitaLand eyes second C-Reit with 4.8b yuan IPO in coming months

The development is just one of numerous commercial real estate assets in a market seeing a renewed buzz