Singapore CapitaMall Trust (CMT) announced the S$780 million acquisition for Bedok Mall last 14 July.
According to CapitaMall Trust, Singapore’s largest shopping mall trust has joined to an agreement with CapitaLand for the sale and purchase.
Bedok Mall opened in December 2013 as part of mixed retail, residential and transport development located at Bedok Town Centre, the 583 condominium unit of Bedok Residences by CapitaLand are also included.
The mall has over 200 shops place across 4 levels with a net lettable area of about 222,500 sq ft. Bedok Mall is located close to Singapore property such as The Glades @ Tanah Merah and Terra Villas.
Bedok Mall unites to CMT’s portfolio of malls, including Junction 8, Tampines Mall, IMM Building, Funan DigitaLife Mall, Bugis Junction, Plaza Singapura, JCube, Sembawang Shopping Centre, Rivervale Mall and more where it owns the 40% and 30% interest.
