For one, CICT plans to add 15,000 sq ft of lettable area at Lot One Shoppers Mall through the conversion of carpark spaces over 4QFY2025 to 1QFY2027. Fairprice is also taking up additional space at basement two of the property.
Numerous analysts are maintaining their respective positive calls on CapitaLand Integrated Commercial Trust (CICT) following its 3QFY2025 business update, where it reported a 1.5% y-o-y gain in revenue to $403.9 million, with net property income up 1.6% y-o-y to $294.4 million, thanks to improvements in its retail portfolio.
Lock Mun Yee of CGS International describes CICT as “revving on all engines”. She is expecting further growth ahead following a series of asset enhancement initiatives (AEI).
