CapitaLand Integrated Commercial Trust
‘Largest Singapore commercial S-Reit proxy’: analysts say buy CICT shares after Paragon acquisition
CICT’s acquisition of Paragon mall cements its dominance in Singapore’s retail space, say analysts
The Paragon paradox: CapitaLand’s upscale retail mall scoop is a win – but for whom?
Just a year ago, investors were told that Paragon needed a massive makeover – but that narrative has been flipped entirely
Paragon’s journey from car showroom to S$3.9 billion jewel
BT traces the rich history of the iconic Orchard Road mall
S$3.9 billion Paragon acquisition seals CICT’s dominance in downtown retail, adds medical exposure
Deal, to be partly funded by S$2.5 billion divestment of Asia Square Tower 2 to IOI, seen as ‘tactical swop’; may yield redevelopment potential on freehold Orchard Road parcel
CICT sells Asia Square Tower 2 to IOI for S$2.5b, buys Paragon for S$3.9b
Acquisition to be funded by sale and S$600 million private placement at S$2.292 to S$2.332 per unit
Handle with extreme care any Reit mergers should CapitaLand, Mapletree merge
Don’t risk destroying value of leaders CapitaLand Integrated Commercial Trust and CapitaLand Ascendas Reit
CapitaLand Integrated Commercial Trust’s H2 DPU rises 9.4% to S$0.0596
Distributable income up 16.4% at S$449 million
CICT to develop, own commercial component of mixed-use Hougang Central site
The trust gains an ‘attractive entry yield’ with an expected yield on cost of more than 5%
CICT to divest Bukit Panjang Plaza for S$428 million
The sale is being undertaken to optimise the Reit’s portfolio and to give it greater financial flexibility
Genting scion to refresh Zouk in ‘multimillion dollar’ revamp; Clarke Quay lease extended
The renovation will take place in Q1 this year, with reopening targeted for June
