CICT completes acquisition of 79 Robinson Road, to also acquire its carpark system in IPT

Lim Hui Jie
Lim Hui Jie4/27/2022 06:12 PM GMT+08  • 1 min read
CICT completes acquisition of 79 Robinson Road, to also acquire its carpark system in IPT
Photo Credit: Capitaland
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Capitaland Integrated Commercial Trust (CICT) has announced the acquisition of the carpark system in 79 Robinson Road from CapitaLand Commercial Management (CCM), a wholly-owned subsidiary of CapitaLand Investment (CLI).

This will be done via its subsidiary Southernwood Property (SWP), and makes the acquisition an interested person transaction (IPT), coming after CICT’s 70% acquisition of 79 Robinson Road with CapitaLand Open End Real Estate Fund (COREF) for $1.26 billion.

That acquisition was completed on April 27, the REIT announced in a release on the same day. 79 Robinson Road will also be renamed CapitaSky, CICT announced.

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