Summary

CapitaLand Integrated Commercial Trust (CICT) is selling Bukit Panjang Plaza for $428 million as part of its portfolio reconstitution strategy. The sale, which includes 90 strata lots and associated equipment, is expected to optimize CICT’s portfolio and provide financial flexibility for growth opportunities. The net proceeds of $421.2 million will be used for debt repayment, capital expenditure, and other strategic purposes.

https://www.straitstimes.com/business/companies-markets/capitaland-integrated-commercial-trust-to-sell-bukit-panjang-plaza-for-428-million?ref=top-stories