Paragon’s medical suites, Orchard Road location key factors in S$3.9 billion sale: Analysts
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With a third of Paragon’s lettable floor space for office and medical tenants, the mall is a more resilient asset compared with other retail offerings, said property experts. SINGAPORE: Paragon’s medical suites and its position as a luxury mall along Orchard Road contributed to its high valuation, property analysts said. CapitaLand Integrated Commercial Trust (CICT) announced on Monday (Apr 20) that it will acquire Paragon for S$3.9 billion from Cuscaden Peak, whose shareholders include
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