CapitaLand Integrated Commercial Trust completes Paragon acquisition, allocates private placement proceeds

SGX Filings07-01

CapitaLand Integrated Commercial Trust (C38U) said on Jul, 1 2026 that it has finalised the acquisition of Paragon, giving the real estate investment trust full ownership of both Paragon Trust and Orchard 290, which together hold a 100% freehold interest in the Paragon property.

The manager confirmed that all of the approximately 750.0 million Singapore dollars raised from an earlier private placement have now been fully utilised. About 740.5 million Singapore dollars were channelled to partially fund the purchase of Paragon and related costs, while 9.5 million Singapore dollars covered transaction expenses tied to the placement.

The latest allocation includes 555.0 million Singapore dollars that had initially been used for interim debt repayment after the placement’s close on Apr, 30 2026; these funds have since been redirected to the Paragon deal and placement-related fees.

With the completion of these transactions, CapitaLand Integrated Commercial Trust has achieved the funding objectives outlined in its April 2026 announcements, the manager added.

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