Unitholders of CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT) have voted resoundingly in favor of the proposed merger of CMT and CCT to create a diversified commercial REIT to be named CapitaLand Integrated Commercial Trust (CICT) following completion of the transaction.
Tony Tan, CEO of CMT Manager, said, “We are heartened and humbled by the resounding support given by CMT unitholders for the merger. To receive a strong mandate amidst the uncertainties of COVID-19 to deliver the transformative merger is an honor and a responsibility we do not take lightly. Underpinned by leadership and resilience, the merged entity will be in a stronger position to seize the opportunities across retail, office and integrated developments in our focus market of Singapore. We remain firmly committed to delivering sustainable distributions and long-term returns for our unitholders, something we have been doing in CMT and will continue to do in CICT. We thank CMT unitholders
