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CMT's distribution per unit up 0.4% for Q2

It is looking to reposition malls that are not doing well amid the challenging retail landscape
Saturday, July 22, 2017 - 05:50

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Declines in occupancy rates were more pronounced at Westgate mall and Bedok Mall in the first half, where the rates dipped from 99.6% to 96.6% and from 100% to 97.5% respectively.

Singapore

CAPITALAND Mall Trust (CMT) reported a 0.4 per cent rise in distribution per unit for the second quarter ended June 30 to 2.75 cents, notwithstanding a challenging retail landscape and the closure of Funan for redevelopment.

Tony Tan, CEO of the Reit manager, said he sees

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