CapitaLand to grow investments in China business parks, logistics and data centres

News Snapshot:

SINGAPORE (THE BUSINESS TIMES) – CapitaLand has targeted to grow its China exposure in the sector to $5 billion over the next few years, from $1.5 billion. This will be done by redeploying part of the capital from asset recycling to new economy assets such as business parks, logistics and data centres, the property giant said on Monday. CapitaLand said tenants from these sectors typically enjoy “robust fundamentals and a supportive regulatory environment”. As part of CapitaLand’s active recycling, CapitaLand Retail China Trust (CRCT) has been designated the group’s real estate investment trust (Reit) platform for non-lodging assets in China,...