Floating Button
Home Capital Results

CapitaLand Investment exceeds divestment target for 2024 following sale of ION Orchard

The Edge Singapore
The Edge Singapore  • 3 min read
CapitaLand Investment exceeds divestment target for 2024 following sale of ION Orchard
CLI divested $4.6 billion of assets ytd, of which ION Orchard is the largest. Photo: CICT
Font Resizer
Share to Whatsapp
Share to Facebook
Share to LinkedIn
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

In its 3QFY2024 updates for the quarter to Sept 30, CapitaLand Investment (CLI) reported that it has exceeded its divestment target of $3 billion for 2024 including assets divested after the end of the third quarter.

Notably, it divested its 50% stake in ION Orchard to CapitaLand Integrated Commercial Trust C38U (CICT) for $1.87 billion, which completed on Oct 30.

CLI also sold eight more US multifamily assets, bringing the total sales this year to 16 assets for $1.2 billion.

×
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
© 2026 The Edge Publishing Pte Ltd. All rights reserved.