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CapitaLand sells Bedok Mall to CMT for S$783.1m

CapitaLand Mall Trust says property yield of about 5.1% is in line with its distribution yield

BT_20150715_MTCAPITALAND15_1775243.jpg
Opened in December 2013, Bedok Mall is the first major mall in Bedok Town Centre. The mall was valued at S$775 million as at June 30.

Singapore

CAPITALAND Limited is selling Bedok Mall to CapitaLand Mall Trust (CMT) for S$783.1 million, the real estate group said on Tuesday after markets closed.

The deal, which will strengthen CMT's position as Singapore's largest real estate investment trust (Reit), involves CMT

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