S-REITs' slashed exposure to CWT properties even before CWT International's default

Submitted By:  Danielle Isaac Case Study:  No AIMS APAC REIT, of which CWT is a major tenant, has chosen a partial master-leased structure for selected assets instead of a full one. HNA’s CWT International, the parent of CWT Limited, failed to pay interest, triggering a cross-default to lenders under a HK$1.4b facility agreement, a Hong Kong Stock Exchange statement revealed. read more