News about CapitaLand Integrated Commercial Trust —
CapitaLand Trust buys Paragon mall for $3.9 billion, sells Asia Square Tower 2 for $2.5 billion
CapitaLand Integrated Commercial Trust (CICT) is reshaping its portfolio by selling a major office tower in Singapore’s financial district and ploughing the proceeds into a prime Orchard Road mall, in a move that signals a shift in where it sees future growth....read more on The Straits Times
The trust on April 20 said it will fully acquire Paragon, a freehold retail and medical complex in Orchard Road, from Cuscaden Peak for about $3.9 billion.