Link: https://links.sgx.com/1.0.0/corporate-announcements/1C3ZAP3LQL0I0HP2/5b43895c703cbf08fdd2855fbd754c3f828d0e710b8a6e361504c51cbc61373d

Summary:

• CapitaLand Integrated Commercial Trust (CICT), via its sub-trust CCT, is divesting its entire 45% interest in Glory SR Trust.
• Glory SR Trust holds the serviced residence component of CapitaSpring, a completed integrated development located in Singapore.
• CICT and its joint venture partners are collectively selling their 100% interest in Glory SR Trust to unrelated third-party purchasers.
• CICT's 45% share of the agreed property value for the serviced residence component is S$126.0 million.
• The divestment is expected to be completed by the second quarter of 2025.