You are here

Funan revamp to create integrated development the size of Ion Orchard

Friday, April 15, 2016 - 09:45

funnan150416.jpg
Funan DigitaLife Mall is set for a revamp that will turn it into an integrated development roughly the size of Ion Orchard, the parent of its owner CapitaLand Mall Trust said in a press release Friday morning.

FUNAN DigitaLife Mall is set for a revamp that will turn it into an integrated development roughly the size of Ion Orchard, the parent of its owner CapitaLand Mall Trust said in a press release Friday morning.

Funan will close on July 1 this year for redevelopment works spanning three years, real estate developer CapitaLand said.

It added that about 388,000 sq ft would be added to the mall's current gross floor area (GFA) of 482,000 sq ft, "creating a sizeable integrated development measuring 870,000 sq ft - about the size of ION Orchard".

It did not say how much it expected the redevelopment to cost.

The group also invited the public to contribute ideas for the mall's redevelopment. Funan will be organising a series of activities in the run-up to its last day of operations, CapitaLand added.

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom