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CapitaLand Mall Trust Manager announced earlier this month that Funan DigitaLife Mall (Funan Mall) (pictured) may be sold or redeveloped. This is in line with its policy of continually evaluating CapitaLand Mall Trust’s (CMT) portfolio of assets and exploring opportunities to maximise the value for the trust’s assets.
In an SGX Filing dated 15 July, it said “these options include and are not limited to a disposal or redevelopment of Funan Mall,” adding that CMT has not entered into any agreement or transaction in connection with the terms of the options, and that there is no certainty that CMT will enter into or conclude any such transactions.
It is noted that the trust recently entered a sales and purchase agreement to acquire Bedok Mall from sponsor CapitaLand for S$780 million.
(Image source: Wikimedia Commons, User SengKang)
Nikki De Guzman, Editor at CommercialGuru, edited this story. To contact her about this or other stories email nikki@propertyguru.com.sg
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