
Listed on the Singapore Exchange Securities Trading Limited on 8 December 2006, CapitaRetail China Trust (CRCT) is the first pure-play China retail Real Estate Investment Trust (REIT) in Singapore. As at 31 December 2008, the total asset size of CRCT is approximately RMB5,995 million.
CRCT is established with the objective of investing on a long term basis in a diversified portfolio of income-producing real estate used primarily for retail purposes and located primarily in China, Hong Kong and Macau. The current portfolio of eight retail mall properties is located in China's key cities. The properties are CapitaRetail Xizhimen Mall, CapitaRetail Wangjing Mall, CapitaRetail Jiulong Mall, CapitaRetail Anzhen Mall in Beijing, CapitaRetail Qibao Mall in Shanghai, CapitaRetail Zhengzhou Mall in Zhengzhou, CapitaRetail Saihan Mall in Huhehaote, and CapitaRetail SZITIC Xinwu Mall in Wuhu.
The properties are uniquely positioned as one-stop family-oriented shopping, dining and entertainment destinations for the sizeable population catchment areas in which they are located, and are accessible via major transportation routes or access points. A significant portion of the properties' tenants consists of major international and domestic retailers such as Wal-Mart, Carrefour and the Beijing Hualian Group under master-leases or long-term leases, which provide Unitholders with stable and sustainable returns. The anchor tenants are complemented by popular specialty retailers such as Sport 100, Esprit, Watsons, KFC, McDonalds' etc.
CRCT is managed by an external manager, CapitaRetail China Trust Management Ltd, which is an indirect wholly-owned subsidiary of CapitaLand.
