May 2026 | Top M&A Deals in ASEAN

Singapore’s CapitaLand Integrated Commercial Trust (CICT) has agreed to acquire the Paragon integrated commercial property for SGD 3.8bn (USD 3bn) from Cuscaden Peak and related entities. The transaction, subject to unitholder approval, will strengthen CICT’s footprint in Singapore’s prime Orchard Road commercial district and support long-term income growth. Paragon combines a luxury retail mall, medical suites, and office space, housing international brands and healthcare tenants. The acquisition aligns with CICT’s strategy of expanding its portfolio of high-quality, income-generating commercial assets while leveraging its operational and asset management expertise.

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