CapitaLand Integrated Commercial Trust to buy 50% stake in Singapore mall

CapitaLand Integrated Commercial Trust to buy 50% stake in Singapore mall

Photo: Reuters

CapitaLand Integrated Commercial Trust will acquire a 50% stake in Singapore’s ION Orchard Mall for an agreed property value of S$1.85 billion ($1.42 billion), the real estate investment trust said on Tuesday.