CICT leans on ‘bold acquisitions’ and asset recycling to drive growth
Manager says it has not shied away from bold moves to upgrade portfolio amid AGM questions on Paragon’s S$3.9 billion acquisition
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[SINGAPORE] The manager of CapitaLand Integrated Commercial Trust (CICT) said it is constantly on the lookout for deals, including “bold acquisitions” and selective asset sales, to sharpen its portfolio.
“The recent transactions that we have undertaken is a reflection of the opportunities that we are trying to do,” said Tan Choon Siang, CEO of the manager, at its annual general meeting (AGM) on Wednesday (Apr 22).
“CICT as a real estate investment trust (Reit), we have not shied away from making some of these bold acquisitions when the opportunity arises.”
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