CapitaLand Integrated Commercial Trust (SGX:C38U) entered into a unit sale agreement to acquire 66 Goulburn Street, Sydney, Australia from CLA Real Estate Holdings Pte. Ltd for approximately AUD 160 million on December 3, 2021. The consideration is subject to completion adjustments.

In a related transaction, CapitaLand Integrated Commercial Trust (SGX:C38U) entered into a unit sale agreement to acquire 100 Arthur Street, Sydney, Australia from CLA Real Estate Holdings Pte. Ltd for approximately AUD 170 million on December 3, 2021. The transaction will be funding by a combination of debt, partial net sales proceeds from the divestment and equity.

AGT Bank Loan and the AAT Bank Loan will not be repaid upon completion of the transaction. Completion is subject to receipt of approval from Foreign Investment Review Board. CBRE Valuations Pty Limited and Jones Lang LaSalle Advisory Services Pty Ltd acted as property valuers in the transaction.