On 5th August 2025, CICT (CapitaLand Integrated Commercial Trust) released their 1H2025 financial results. Last year, CICT acquired a 50.0% interest in
ION Orchard for S$1,848.5 million. In May 2025, the manager divested 299-unit Service Residence at CapitaSpring. The Net proceeds were used to pare down debt and fund working capital requirements. Recently, the manager also launched a private placement to raise approximately S$500.0 million to finance the proposed acquisition of the remaining 55.0% interest in the office and retail component of CapitaSpring.
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Being well-known for Asset Enhancement Initiatives (AEI), CICT has successfully completed the phased AEI works at IMM Building. CICT will also progressively hand over the refreshed space at
Gallileo to the European Central Bank starting in 3Q2025, with the remaining tenants to follow
in 1Q2026. In 4Q2025, CICT will start AIE works on Lot One Shoppers’ Mall and...
