CapitaLand Integrated Commercial Trust · SGX:C38U
CapitaLand Integrated Commercial Trust — Merger or Acquisition (May 2026)
24 slides from CapitaLand Integrated Commercial Trust's merger presentation, May 26, 2026
Slide 1: Proposed Acquisition of 100% Interest in Paragon
Proposed Acquisition of 100% Interest in Paragon 26 May 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 Leadership: Best-in-class SG-focused portfolio and platform Retail Growth: Larger opportunities with broader investment ION Paragon Orchard 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 Agreed Property S$3,900.0 mill
Slide 7: Property Highlights
Proposed Acquisition of 100% Interest in Paragon CapitaLand Integrated Commercial Trust Property Highlights Medical / hospital As at 31 March 2026, unless otherwise stated Paragon is located at a unique intersection of Retail upscale retail, premium medical and hospitality Hotels / hospitality Locat
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 21 at Attractive Premium to Valuation Redeploying capital into Paragon at a higher yield Exit Yield of AST22 Net Yield of Paragon3 3% 3.9% (81 years remaining leasehold) (Freehold) Dives
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 strengthens CICT’s ret
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: proven track record in value creation
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 strengthens CICT's retail presence in downtown precinct
Proposed Acquisition of 100% Interest in Paragon CapitaLand Integrated Commercial Trust Further strengthens CICT’s retail presence in the tightly held 2 downtown precinct Orchard Road ION Orchard Paragon 3.0% p.a. NS TE Retail rent CAGR between 2021-2025 Orchard Plaza (vs. 2.1% for suburban retail r
Slide 14: CICT extends market leadership for private retail stock
Proposed Acquisition of 100% Interest in Paragon CapitaLand Integrated Commercial Trust Further strengthens CICT’s retail presence in the tightly held 2 downtown precinct CICT extends market leadership for private retail stock in CICT’s retail portfolio in Orchard Road expected to expand Singapore w
Slide 15: Paragon is well positioned to capture downtown retail upside
Proposed Acquisition of 100% Interest in Paragon CapitaLand Integrated Commercial Trust Further strengthens CICT’s retail presence in the tightly held 2 downtown precinct Paragon is well positioned to capture downtown retail upside Tight new retail supply of 0.3 million sq ft per annum between 2026
Slide 16: Tourist arrivals and Orchard Road master plan
Proposed Acquisition of 100% Interest in Paragon CapitaLand Integrated Commercial Trust Further strengthens CICT’s retail presence in the tightly held 2 downtown precinct Paragon is well positioned to capture downtown retail upside Singapore tourist arrivals and tourism receipts expected to continue
Slide 17: Most liquid proxy for Singapore-centric commercial exposure
Proposed Acquisition of 100% Interest in Paragon CapitaLand Integrated Commercial Trust Reinforces CICT’s position as the most liquid proxy for high quality 3 Singapore-centric commercial exposure Portfolio property value by asset class remains balanced and Portfolio property value by geography rema
Slide 18: Low tenant concentration and well spread lease expiry
Proposed Acquisition of 100% Interest in Paragon CapitaLand Integrated Commercial Trust Reinforces 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 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 For illustrative purposes, assuming the Proposed Acquisition 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$3,919.2 million Estimated Purchase Consideration1 S$3,848.0 million Estimated total acquisition outlay Other Expenses2 ~S$32.2 million (save for Acquisi
Slide 22: Unitholder Approval Required
Proposed Acquisition of 100% Interest in Paragon CapitaLand Integrated Commercial Trust Unitholder Approval Required Approval Required The Proposed Acquisition constitutes an “interested person transaction” under Chapter 9 of the Listing Manual, as well as an “interested party transaction” under 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 OFFICE SYDNEY, 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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