CICT advances Asia Square Tower 2 sale after call option exercise

Completion of the divestment is expected to take place in mid-September 2026.

CapitaLand Integrated Commercial Trust Management Limited, as manager of CapitaLand Integrated Commercial Trust (CICT), announced that all conditions precedent under the put and call option agreement for the sale of Asia Square Tower 2 (AST2) have been satisfied.

The manager said the purchaser has exercised the call option.

As a result, the purchase conditions are deemed to have been entered into between the purchaser and the CCT Trustee.

Completion of the AST2 divestment is expected to take place in mid-September 2026.

CICT previously announced that it would divest AST2 to IOI Marina View Pte. Ltd. for approximately $2.47b.

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CapitaLand Integrated Commercial Trust

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