Singapore Stock Market News

IPO - Croesus Retail Trust

StockFanatic
Publish date: Fri, 03 May 2013, 06:24 PM
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CRT is the first Asia-Pacific retail trust with an initial portfolio located in Japan to be listed on the SGX-ST. CRT's principal investment strategy is to invest in a diversified portfolio of predominantly retail real estate assets located in the Asia-Pacific region and real estate-related assets relating to the foregoing.

The initial portfolio is located in Japan in order to create a core portfolio of stable income generating assets. This core portfolio would serve as a foundation for CRT to pursue development and acquisition opportunities in the Asia-Pacific region, including Japan, to generate long-term capital value and long-term returns.
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