CICT converts subsidiary SWP to LLP, unitholders to enjoy tax transparency treatment

Lim Hui Jie
Lim Hui Jie4/28/2022 06:24 PM GMT+08  • 1 min read
CICT converts subsidiary SWP to LLP, unitholders to enjoy tax transparency treatment
Photo Credit: CapitaLand
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CapitaLand Integrated Commercial Trust (CICT) has converted its subsidiary Southernwood Property (SWP) to a limited liabitly partnership (LLP).

SWP is the entity that CICT used for the $1.26 billion acquisition of 79 Robinson Road, done in partnership with CapitaLand Open End Real Estate Fund (COREF).

This conversion will allow unitholders of CICT to enjoy tax transparency treatment on CICT's income from the letting of the 79 Robinson Road, soon to be renamed CapitaSky.

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