The trust's retail net lettable area (NLA) is also anticipated to rise by 11%, enhancing its coverage in the downtown area. Additionally, Jonathan Koh has considered the asset's characteristics and the broader implications of the acquisition on CICT's portfolio. ION Orchard is a premium retail destination at a prime location, which is seamlessly integrated with a key transportation hub, attracting high shopper traffic from affluent consumers and tourists. The acquisition is evaluated as attractive based on ION Orchard's status as a trophy asset with a strong gross yield and a net property income margin akin to CICT's existing retail portfolio. The enhancement of the trust's presence in strategic locations, combined with an increase in downtown mall exposure and a forecasted rise in DPU, underpin Jonathan Koh's Buy rating for CapitaLand Mall's stock.