CapitaLand is delighted to see CICT's elevation to a top three APAC REIT by market capitalisation. Together with Ascendas Reit which is ranked eighth largest in APAC, we are proud to be playing a key role in raising the profile of Singapore as the preferred listing destination for REITs, at the same time offering global investors similar scale and liquidity on par with the largest REITs in the APAC region," said Lee Chee Koon, Group CEO of CapitaLand Group. READ ALSO : CapitaLand plans to grow its AUM in India to S$7bn by 2024 "CICT's enlarged scale and enhanced resilience will appeal to investors who want to invest in the largest proxy REIT for best-in-class Singapore commercial real estate.