The acquisition/merger of CapitLand Commercial Trust by CapitaLand Mall is marching forward albeit with some delays. As the long-stop date is being pushed back to November 30, the manager has also announced it would completely waive its acquisition fee - a large saving of S$111.2 million for unit holders.

At a briefing on Friday, CEOs of both managers said that the pro forma DPU for the last 12 months ended June 30, 2020 for CMT would have increased 4.1 per cent, while that for CCT would see an accretion of 7.6 per cent. This was up from accretion of 1.6 per cent and 6.5 per cent that were provided in January, based on the Reits' FY19 DPU.