CICT divests Citadines Raffles Place at CapitaSpring for $280 mil

CapitaLand Integrated Commercial Trust (CICT) and its joint venture partners — CapitaLand Development and Mitsubishi Estate Asia with respective stakes of 45%, 45%, and 10% — have divested the serviced residence component of CapitaSpring for $280 million. The asset divested is the 299-unit Citadines Raffles Place Singapore, which began operations in February 2022. According to […]