CapitaLand Mall Trust mulls disposal or redevelopment of Funan mall

CAPITALAND Mall Trust Management, manager of CapitaLand Mall Trust (CMT), is currently exploring its options for Funan DigitaLife Mall, which include possible disposal or redevelopment.

This is in line with its policy of continually evaluating CMT's portfolio of assets and exploring opportunities to maximise the value for CMT's assets, it said in an announcement to the Singapore Exchange on Wednesday.

At the date of this announcement, CMT has not entered into any agreement or transaction in connection with the terms of the options, nor is there any certainty or assurance that CMT will enter into or conclude any such transactions, it added.

Other malls also owned by CMT include Plaza Singapura and Raffles City.