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06 Aug 2025
CICT upsizes placement, which is 4.9 times covered, making acquisition 0.9% DPU accretive
Summary: CapitaLand Integrated Commercial Trust (CICT) upsized its private placement to $600 million to finance the acquisition of the remaining 55% interest in CapitaSpring. The acquisition, valued at $1.9 billion, will increase CICT’s Singapore exposure to 95% and provide a 0.9% pro forma distribution per unit (DPU) accretion. The placement was 4.9 times covered, reflecting investor confidence in the deal and CICT’s strategic focus on strengthening its Singapore portfolio.