CapitaLand Integrated Commercial Trust · SGX:C38U
CapitaLand Integrated Commercial Trust — Merger or Acquisition (April 2026)
24 slides from CapitaLand Integrated Commercial Trust's merger presentation, Apr 20, 2026
Slide 1: Proposed Acquisition of 100% Interest in Paragon
Proposed Acquisition of 100% Interest in Paragon 20 April 2026
Slide 2: Disclaimer
Proposed Acquisition of 100% Interest in Paragon CapitaLand Integrated Commercial Trust Disclaimer This presentation may contain forward-looking statements. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a numbe
Slide 3: Agenda
Proposed Acquisition of 100% Interest in Paragon CapitaLand Integrated Commercial Trust Agenda 01 Overview 02 Investment Merits 03 Transaction Details Raffles City Singapore 3
Slide 4: Overview
01 Overview
Slide 5: Delivering on CICT's Growth Strategy
Proposed Acquisition of 100% Interest in Paragon CapitaLand Integrated Commercial Trust Delivering on CICT’s Growth Strategy Integrated Development Retail Leadership: Best-in-class SG-focused portfolio and platform ION Paragon Orchard Growth: Larger opportunities with broader investment focus ION Or
Slide 6: Proposed Acquisition of 100% Interest in Paragon
Proposed Acquisition of 100% Interest in Paragon CapitaLand Integrated Commercial Trust Proposed Acquisition of 100% Interest in Paragon A premier freehold integrated retail and office / medical development in Orchard Road Proposed acquisition of 100% interest in Paragon Trust and Orchard 290 (Parag
Slide 7: Property Highlights
Proposed Acquisition of 100% Interest in Paragon CapitaLand Integrated Commercial Trust Property Highlights As at 31 Mar 2026, unless otherwise stated Medical / hospital Paragon is located at a unique intersection of Retail Location 290 Orchard Road, Singapore 238859 Hotels / hospitality upscale ret
Slide 8: Sale of Asia Square Tower 2 at Attractive Premium to Valuation
Proposed Acquisition of 100% Interest in Paragon CapitaLand Integrated Commercial Trust Sale of Asia Square Tower 2 at Attractive Premium to Valuation Redeploying capital into Paragon at a higher yield Exit Yield of AST21 Net Yield of Paragon2 3% 3.9% (81 years remaining leasehold) (Freehold) Divest
Slide 9: Investment Merits
02 Investment Merits
Slide 10: Investment Merits of Proposed Acquisition
Proposed Acquisition of 100% Interest in Paragon CapitaLand Integrated Commercial Trust Investment Merits of Proposed Acquisition Strategic acquisition of a rare, premier freehold integrated development with a sizeable, upscale 1 retail exposure and medical component 2 Further consolidates CICT’s re
Slide 11: Strategic acquisition of a rare, premier freehold integrated development
Proposed Acquisition of 100% Interest in Paragon CapitaLand Integrated Commercial Trust Strategic acquisition of a rare, premier freehold integrated development 1 with a sizeable, upscale retail exposure and medical component Rare premier freehold Prime location integrated development in in Orchard
Slide 12: Strategic acquisition of a rare, premier freehold integrated development
Proposed Acquisition of 100% Interest in Paragon CapitaLand Integrated Commercial Trust Strategic acquisition of a rare, premier freehold integrated development 1 with a sizeable, upscale retail exposure and medical component Leveraging CICT’s proven track record in value creation as well as active
Slide 13: Further consolidates CICT's retail presence in the tightly held downtown precinct
Proposed Acquisition of 100% Interest in Paragon CapitaLand Integrated Commercial Trust Further consolidates CICT’s retail presence in the tightly held 2 downtown precinct Orchard Road ION Orchard Paragon c.3.0% p.a. NS TE Retail rent CAGR between 2021-2025 Orchard Plaza (vs. c.2% for suburban rents
Slide 14: Further consolidates CICT's retail presence in the tightly held downtown precinct
Proposed Acquisition of 100% Interest in Paragon CapitaLand Integrated Commercial Trust Further consolidates CICT’s retail presence in the tightly held 2 downtown precinct Extending CICT’s market leadership as the largest CICT’s retail portfolio in Orchard Road expected to expand owner of private re
Slide 15: Further consolidates CICT's retail presence in the tightly held downtown precinct
Proposed Acquisition of 100% Interest in Paragon CapitaLand Integrated Commercial Trust Further consolidates CICT’s retail presence in the tightly held 2 downtown precinct Well-positioned to capture downtown retail upside potential Tight retail supply between 2026 and 2028, with annual gross new sup
Slide 16: Further consolidates CICT's retail presence in the tightly held downtown precinct
Proposed Acquisition of 100% Interest in Paragon CapitaLand Integrated Commercial Trust Further consolidates CICT’s retail presence in the tightly held 2 downtown precinct Well-positioned to capture downtown retail upside URA’s long-term vision for Orchard Road as a shopping Singapore sustained YoY
Slide 17: Solidifies CICT's position as the most liquid proxy for Singapore-centric commercial exposure
Proposed Acquisition of 100% Interest in Paragon CapitaLand Integrated Commercial Trust Solidifies CICT’s position as the most liquid proxy for high quality 3 Singapore-centric commercial exposure Portfolio property value by geography remains Singapore- Portfolio property value by asset class remain
Slide 18: Solidifies CICT's position as the most liquid proxy for Singapore-centric commercial exposure
Proposed Acquisition of 100% Interest in Paragon CapitaLand Integrated Commercial Trust Solidifies CICT’s position as the most liquid proxy for high quality 3 Singapore-centric commercial exposure Enlarged portfolio maintains low tenant concentration risk – no [] single tenant contributes >5% of Gro
Slide 19: DPU accretive transaction with sustainable pro forma aggregate leverage
Proposed Acquisition of 100% Interest in Paragon CapitaLand Integrated Commercial Trust DPU accretive transaction with sustainable pro forma aggregate 4 leverage For illustrative purposes, assuming the Proposed Acquisition was Maintained prudent gearing posture with meaningful headroom completed on
Slide 20: Transaction Details
03 Transaction Details
Slide 21: Method of Financing
Proposed Acquisition of 100% Interest in Paragon CapitaLand Integrated Commercial Trust Method of Financing Estimated total acquisition outlay of S$3,919.0 million Estimated Purchase Consideration1 S$3,848.0 million Other Expenses2 S$32.0 million Estimated total acquisition outlay (save for Acquisit
Slide 22: Unitholder Approval Required and Indicative Timetable
Proposed Acquisition of 100% Interest in Paragon CapitaLand Integrated Commercial Trust Unitholder Approval Required and Indicative Timetable Approval Required The Proposed Acquisition constitutes an “interested person transaction” under Chapter 9 of the Listing Manual, as well as an “interested par
Slide 23: CICT's Portfolio Post-Acquisition
Proposed Acquisition of 100% Interest in Paragon CapitaLand Integrated Commercial Trust CICT’s Portfolio Post-Acquisition 25 S$28.7b 12.2m sqft 97.2% 2.9 years Properties Portfolio Property Value1 Total NLA2 Portfolio Occupancy Portfolio WALE by GRI FRANKFURT, GERMANY SYDNEY, OFFICE AUSTRALIA 1. Gal
Slide 24: Thank You
Thank You For enquiries, please contact: Ms Allison Chen, Investor Relations Direct: (65) 6713 1502 | Email: allison.chen@capitaland.com CapitaLand Integrated Commercial Trust Management Limited Tel: (65) 6713 2888 | Fax: (65) 6713 2999 cict.com.sg
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