Paragon Reit

CICT’s bid was ‘considered carefully’, taking into account Paragon’s long-term needs

CICT’s acquisition of Paragon mall cements its dominance in Singapore’s retail space, they add

Just a year ago, investors were told that Paragon needed a massive makeover – but that narrative has been flipped entirely

BT traces the rich history of the iconic Orchard Road mall

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

The price tag is around 15% higher than its latest valuation of S$645 million

Minority unitholders have received their scheme consideration payments on Jun 4, 2025

Paragon Reit has gone private, and FHT might soon follow. Senior correspondent Ben Paul explains why this is happening, and what it means for the S-Reit sector.

FHT is going private to unlock value for investors; Paragon Reit is doing it to facilitate a major AEI at its flagship property