CapitaLand Commercial C-REIT (CLCR) has received approval from the China Securities Regulatory Commission to register for its listing on the Shanghai Stock Exchange. This marks a significant milestone for CapitaLand Investment Limited (CLI) as CLCR will become China’s first international-sponsored retail C-REIT upon listing, which is expected to take place by fourth quarter 2025.
CLCR will be CLI’s eighth listed fund, expanding its REIT management platform to China and strengthening CLI’s leading position as Asia Pacific’s largest REIT manager by market capitalization. The listing aligns with CLI’s domestic-for-domestic fund strategy to tap onshore capital and grow its funds under management and recurring fee income.
CLCR is expected to raise approximately RMB 2.1 billion ($292 million)Â through the issuance of 400 million units.
CLCR will invest in operating retail assets in China, benefiting from the Chinese government’s policies to stimulate domes
