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CapitaLand Commercial Trust inks 201,000 sqft. of leases in Q2

Singapore Business Review
CapitaLand Commercial Trust inks 201,000 sqft. of leases in Q2

Leasing demand mostly came from the finance sector.

CapitaLand Commercial Trust had been on a proactive leasing mode in the past quarter as it signed approximately 201,000 sqft. of leases.

According to UOB Kay Hian analyst Vikrant Pandey, 39% of the said leases were new ones. The leasing demand for the quarter came from diverse business sectors but mostly from banking, insurance and financial services. A robust demand also came from the real estate and property services and legal sectors.

"New and renewed tenants in 2Q17 include AEW Asia Pte Ltd, A.M. Best Asia-Pacific (Singapore) Pte Ltd, Mizuho Asia Partners Pte Ltd and Nagashima Ohno & Tsunematsu Singapore LLP," cited the analyst.

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To recall, the trust recorded a 29.5% increase in gross revenue and $34.3% expansion in net property income.



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