Ashurst ADTLaw advises CICT on record S$3.9bn proposed acquisition of Paragon on Orchard Road

"Ashurst ADTLaw advised CapitaLand Integrated Commercial Trust on the proposed S$3.9 billion acquisition of Paragon, a premier freehold integrated development on Orchard Road (retail podium, medical suites and office towers), from Cuscaden Peak. The deal strengthens CICT’s position as the largest private owner of commercial real estate in Singapore and secures exposure to the tightly held medical suites sector. The transaction was handled by a multi-practice Ashurst team led by Tao Koon Chiam and Yi Ming Choo, highlighting the firm’s experience in complex, high‑value real estate deals."