Paragon’s journey from car showroom to S$3.9 billion jewel
BT traces the rich history of the iconic Orchard Road mall
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[SINGAPORE] CapitaLand Integrated Commercial Trust ( CICT ) on Monday (Apr 20) announced the acquisition of Paragon mall from Cuscaden Peak for S$3.9 billion.
Long considered a beacon of Singapore’s luxury retail market, the property has seen exciting times – from its beginnings as a car showroom, to becoming the anchor of a media giant and, later, real estate investment trust (Reit) and subsequent privatisation.
The Business Times traces the rich history of the iconic Orchard Road landmark.
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