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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
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Mindy Tan
Published Tue, Jul 14, 2015 · 09:50 PM
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 acquiring the entire unitholding interest in Brilliance Mall Trust, which owns Bedok Mall.
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