CICT Fully Exits One George Street Office Property

News about CapitaLand Integrated Commercial Trust

CapitaLand Integrated Commercial Trust (CICT) is announcing the sale of its remaining stake in One George Street, a Singapore property it had a remaining indirect 50% interest in. The total transaction of S$1.28 billion will bring about S$344.8 million into the trust coffers after deducting fees and loan settlement.

The Sale is not expected to have any material effect on the net asset value per unit of CICT and the distribution per unit of CICT for the financial year ending 31 December 2021.

CapitaLand Integrated Commercial Trust
Price2.050 SGD
NAV2.000 SGD
Yield (4 quarters)3.81%
Gearing40.9%