CICT Acquires Two Australian Office Buildings

News about CapitaLand Integrated Commercial Trust

CapitaLand Integrated Commercial Trust is announcing the acquisition of two properties in Sydney, Australia:

  • 66 Goulburn Street is a leasehold (with 95 years remaining) building with both retail and office space, bought for A$158.5 million
  • 100 Arthur Street is a freehold office tower, bought for A$172.2 million

The total transaction of A$381.0 million (including fees) is expected to be DPU accretive.

CapitaLand Integrated Commercial Trust
Price2.010 SGD
NAV2.070 SGD
Yield (4 quarters)5.19%
Gearing41.2%