CapitaLand Integrated Commercial Trust to Sell Interest in Glory SR Trust

MT Newswires

05-05

CapitaLand Integrated Commercial Trust (SGX:C38U) entered into a unit purchase agreement with an unrelated third party to sell 100% of its interest in Glory SR Trust which holds the serviced residence component of CapitaSpring.

The trust owns a 45% stake in Glory SR Trust, according to a filing with the Singapore Exchange on Friday.

Total consideration to be received is around SG$37.8 million and is expected to be completed by the second quarter of the year.

CapitaSprings is an integrated development comprising 29 floors of premium Grade A offices, retail units and 299 serviced residences.

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