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Nikkei Markets

Two CapitaLand REITs to merge as quest for scale quickens

Union to create Asia's largest hospitality trust

CapitaLand sold over 1,800 residential units in China during the three months ended June, more than double its sales in the same period a year ago.   © Reuters

SINGAPORE (Nikkei Markets) - Two real-estate investment trusts controlled by property giant CapitaLand will combine to form Asia's largest hospitality trust, in yet another sign of the consolidation sweeping through the city-state's smaller REITs as they seek scale.

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