Basic Profile & Key Statistics
CapitaLand Integrated Commercial Trust (CICT) invests in mainly Retail and Office properties which currently owns 24 properties in Singapore and Germany.
Performance Highlight
The gross revenue and NPI have increased due to the merger with CapitaLand Commercial Trust in October 2021.
Tenant sales have recovered to 86.3% of the 2019 average despite lower shopper traffic at only 61.3% of the 2019 average. However, both traffic and tenant sales have dropped at phase 2 heightened alert.
1H 2021 rental reversion is at a negative 4.5% if comparing the average new leases vs the average expired leases. It would be negative 9.1% if comparing the expired leases vs 1st year of the new leases.
Both AEI at 6 Battery Road and Lot One are on track to complete by 2H 2021. For 21 Collyer Quay, space has been handed over to the tenant and the lease is to start in late 2021....