Singapore Largest REIT $12.7 Billion CapitaLand Integrated Commercial Trust (CICT) to Buyout Remaining 55% Shares of Singapore 280-Metre CapitaSpring Office & Retail for $815 Million (S$1.05 Billion) at $1.4 Billion (S$1.9 Billion) Valuation from CapitaLand Group Subsidiary (45%) & Mitsubishi Estate Co (10%), CapitaSpring Building Completed in 2021 & Key Tenants Include JP Morgan, Sumitomo Mitsui Banking Corporation & Hedge Fund Millennium Capital Management
6th August | Hong Kong
Singapore largest REIT CapitaLand Integrated Commercial Trust (CICT, $12.7 billion market value) has proposed to buyout the remaining 55% shares of Singapore 280-metre CapitaSpring office & retail for $815 million (S$1.05 billion) at $1.4 billion (S$1.9 billion) valuation from CapitaLand Group subsidiary (45%) & Mitsubishi Estate Co (10%). CapitaSpring building was completed in 2021, and key tenants include JP Morgan, Sumitomo Mitsui Banking Corporation & hedge fund Millennium Capital Management. CapitaSpring – Completed in November 2021, the 280-metre tall CapitaSpring is an award-winning integrated development comprising premium Grade A office, ancillary retail and serviced residence. The property offers work, live, play spaces in a vertically connected environment in the heart of Raffles Place. In addition to a stunning Sky Garden at the rooftop, it features a Green Oasis with a height of 35 metres designed with social and activity spaces spread over four storeys of lush greenery and trees, offering a re-connection with nature in the middle of the city. With an iconic façade and harnessing the latest workplace and lifestyle innovations, the integrated development redefines Singapore’s city skyline. Supporting active and green mobility, comprehensive facilities such as a cycling path, bicycle lots and end-of-trip facilities are included in the development. The serviced residence component was divested to an unrelated third party in May 2025.
“ Singapore Largest REIT $12.7 Billion CapitaLand Integrated Commercial Trust (CICT) to Buyout Remaining 55% Shares of Singapore 280-Metre CapitaSpring Office & Retail for $815 Million (S$1.05 Billion) at $1.4 Billion (S$1.9 Billion) Valuation from CapitaLand Group Subsidiary (45%) & Mitsubishi Estate Co (10%), CapitaSpring Building Completed in 2021 & Key Tenants Include JP Morgan, Sumitomo Mitsui Banking Corporation & Hedge Fund Millennium Capital Management “
Singapore Largest REIT $12.7 Billion CapitaLand Integrated Commercial Trust (CICT) to Buyout Remaining 55% Shares of Singapore 280-Metre CapitaSpring Office & Retail for $815 Million (S$1.05 Billion) at $1.4 Billion (S$1.9 Billion) Valuation from CapitaLand Group Subsidiary (45%) & Mitsubishi Estate Co (10%), CapitaSpring Building Completed in 2021 & Key Tenants Include JP Morgan, Sumitomo Mitsui Banking Corporation & Hedge Fund Millennium Capital Management
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