Croesus retail trust (“CRT”) is the first Asia-Pacific retail business trust listed on Singapore Exchange Securities Trading Limited (the “SGX-ST”), with an initial portfolio located in Japan. CRT is principally focused on investing in a diversified portfolio of predominantly retail real estate assets located in the Asia-Pacific region, with an initial focus on Japan. CRT’s portfolio of assets in Japan allows it to create a core portfolio of stable income generating assets that serves as a foundation for CRT to pursue development and acquisition opportunities in the Asia-Pacific region, including Japan, to generate long-term capital value and returns.
The Sponsor of CRT is Croesus Merchants International Pte. Ltd. ("Croesus Merchants"), part of the Croesus group of companies (the “Croesus Group”).
CRT is also backed by its strategic partners, Daiwa House Industry Co. Ltd. (“Daiwa House”) and Marubeni Corporation (“Marubeni”). Daiwa House is one of Japan’s leading real estate business conglomerates while Marubeni is one of Japan’s largest general trading companies.
With a right of first refusal granted by its Sponsor and strategic partners, CRT has the access to acquire further predominantly retail real estate assets across Asia-Pacific.
Croesus Retail Asset Management Pte. Ltd.’s (the “Trustee-Manager”) key objective is to deliver a competitive return on investment to the unitholders of CRT (“Unitholders”) through:
- Regular and growing distributions, and;
- Long-term capital value growth of CRT’s portfolio of assets.
CRT is part of the FTSE ST Small Cap Index, the TR/GPR/ APREA Composite Index, FTSE Real Estate Index and the FTSE REIT index.