CICT CEO drops $816 million on office buildings - here's why smart money follows

CapitaLand Integrated Commercial Trust just wrote a check for S$1.05 billion ($816.55 million) to buy the remaining 55% of Glory Office Trust, proving that sometimes the best business strategy is simply buying out your roommate.

This isn't your typical Tuesday acquisition though. CICT is essentially doubling down on Singapore's office market at a time when most people are still figuring out whether they want to work from home or actually show up to the office. Talk about confidence in corporate real estate.

When Size Actually Matters

The move screams consolidation, which in REIT-speak m...