ION Orchard is usually a dominant retail landmark at the center of Orchard highway, attracting both locals and travelers. With CICT’s predominant focus on Singapore, the proposed divestment will additional enhance the standard of its portfolio.
This proposed transaction is conditional on the approval of CICT’s non-interested unitholders and is particularly specific being accomplished in 4Q 2024. The sale consideration will probably be paid out in money.
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The outstanding accomplishment of ION Orchard can be a testimony to our collaborative initiatives in building and running this pre-eminent spot shopping mall. We anticipate continuing this fruitful partnership by CICT and bringing much more benefit to Singapore’s vivid retail scene.”
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CICT’s big acquisition of ION Orchard, an iconic high quality destination shopping mall, will Strengthen its portfolio
Disclaimer: historic tax details is derived from community documents provided by the county offices. information and facts just isn't guaranteed and will be independently confirmed.
you'll be spoiled for foods alternatives as there are plenty of famous foodstuff and beverage shops close by. Geylang region is one of the much more popular food stuff hub. For more top quality outlets, the Paya Lebar region will likely be a handy spot to go.