Funan

Funan to reopen on June 28 after undergoing three-year redevelopment

Property

Funan to reopen on June 28 after undergoing three-year redevelopment

SINGAPORE (June 3): The manager of CapitaLand Mall Trust (CMT), an indirect wholly-owned subsidiary of CapitaLand, says Funan is slated to open its doors on June 28 this year – two months ahead of its original scheduled date.

Broker's Calls

CapitaLand Mall Trust upgraded to 'buy' by UOB on Jurong Lake District plans, Funan launch

SINGAPORE (May 27): CapitaLand Mall Trust will benefit from the development of Jurong Lake District (JLD) as it has three retail malls located within Jurong Gateway, says UOB KayHian.
Funan office component said to hit 98% pre-leasing commitment at TOP

Property

Funan office component said to hit 98% pre-leasing commitment at TOP

SINGAPORE (May 8): The manager of CapitaLand Mall Trust (CMT) and CapitaLand say the twin office blocks of Funan have secured a total pre-leasing commitment of 210,000 sq ft or 98% of its total office net lettable area (NLA) at the point of securing TOP i

Broker's Calls

CapitaLand Mall Trust kept at 'hold' by OCBC and Maybank on higher mall supply, soft retail sector

SINGAPORE (Apr 26): OCBC Investment Research says CapitaLand Mall Trust’s (CMT) 1Q19 results met its expectations.

Broker's Calls

A recovery in tenant sales is not enough for CapitaLand Mall Trust

SINGAPORE (Jan 24): The manager of CapitaLand Mall Trust (CMT) on Wednesday announced that its 4Q18 DPU has risen by 3.1% y-o-y to 2.99 cents, bringing FY18 DPU to 11.50 cents, 3.0% higher y-o-y.

Property

Funan to open Singapore's first O&O shopping mall ahead of schedule in 2Q19

SINGAPORE (Sept 28): CapitaLand Mall Trust (CMT) on Friday announced that Funan will be opening Singapore’s first online-and-offline (O&O) shopping mall and its office components in 2Q19 instead of 3Q19 as scheduled.

Property

CapitaLand and WeWork co-create office of the future at Funan

SINGAPORE (Dec 14): CapitaLand Mall Trust Management Limited (CMTML), the manager of CapitaLand Mall Trust (CMT) which owns Funan, announced that WeWork, the provider of collaborative workspaces, has leased 40,000 sf of space in Funan.

Property

Ascott to invest $170 mil in Funan’s co-living component

SINGAPORE (Aug 4): The Ascott Limited is investing $170.3 million in the serviced residences component of the Funan integrated development through its fund with Qatar Investment Authority (QIA).

Funan receives over 80,000 sf of leasing commitment ahead of 2019 opening

SINGAPORE (April 27): CapitaLand Mall Trust says Funan has received well over 80,000 sf leasing commitment ahead of opening in 2019.

Results

CapitaLand Mall Trust posts 6.7% fall in 3Q DPU lower of 2.78 cents

SINGAPORE (Oct 21): CapitaLand Mall Trust (CMT) has declared a DPU of 2.78 cents for the 3Q16 ended Sept, a fall of 6.7% from 2.98 cents a year ago.
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