CICT and COREF in the S$1.3 billion acquisition of a Grade-A office building at Robinson Road

04 May 2022

WongPartnership is acting for CapitaLand Integrated Commercial Trust (“CICT”) and CapitaLand Open End Real Estate Fund (“COREF”) in the acquisition of a Grade-A office building at 79 Robinson Road for S$1.3 billion. The purchase will be done by CICT and COREF acquiring 70 per cent and 30 per cent respectively of the shares of the property holding company Southernwood Property Ptd Ltd.

Our Joint Head of Mergers & Acquisitions Andrew Ang and Partner Nicolette Lye led the firm’s team in the transaction together with Corporate Real Estate Partners Tan Teck Howe and Lee Si Min, Mergers & Acquisitions Partner Kyle Lee and Energy, Projects and Constructions Partner Lesley Tan.

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