CapitaLand Integrated Commercial Trust sells 21 Collyer Quay for $688m

Quick Summary:

Proceeds from the sale will be used to repay debt and finance capital expenditure.

The sale price is in line with the property’s independent valuation, said the trust’s manager on Nov 12.

The transaction is not expected to have any material effect on CICT’s distribution per unit and net asset value per unit for the financial year ending Dec 31.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Million Amount Property Sale Manager Cent Price Quay Collyer Cict’s Proceeds

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 09:53:06 (1 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 487 words

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Copyright Owner: © The Straits Times

News ID: 23541699

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