Similarly, partly due to Yuhuating, gross revenue for CLCT in the same period was RMB416.6 million, down 8% y-o-y.
However, CLCT notes that its business park revenue was down 9.1% y-o-y because of lower occupancy at its Singapore-Hangzhou Science & Technology Park Phase II.
On the other hand, Shanghai Fengxian Logistics Park enjoyed a 13% y-o-y increase in revenue with better occupancy.
CLCT has lowered its gearing from 42.1% as of June 30 to 38.8% as of Sept 30.
See also: Keppel REIT buys one-third stake in MBFC3 from Hongkong Land in a DPU dilutive acquisition
It is constantly undertaking asset enhancement initiatives, such as in CapitaMall Wangjing and CapitaMall Xuefu.
CLCT units closed at 82 cents on Oct 29, unchanged for the day but up 11.64% year to date.
