Funan DigitaLife Mall could be sold or redeveloped

The manager of CapitaLand Mall Trust (CMT) said on Wednesday (15 July) it may sell or redevelop Funan DigitaLife Mall (Funan Mall) in line with its policy of continually evaluating the trust’s properties.

“These options include and are not limited to a disposal or redevelopment of Funan Mall,” CapitaLand Mall Trust Management said in a filing on the Singapore Exchange (SGX).

CMT added that it has not entered into any agreement or transaction regarding Funan Mall, and that there is no certainty that it will enter into or conclude any such transactions.

CMT, Singapore’s largest shopping mall trust, said on Tuesday it will buy Bedok Mall from sponsor CapitaLand in a deal that values the mall at S$780 million.

The property trust’s other assets include Tampines Mall, Junction 8, IMM Building, Plaza Singapura and Bugis Junction.

Source : Channel NewsAsia – 16 Jul 2015

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