Redeveloping Funan a better option for CapitaLand Mall Trust
Huge potential for an 80 per cent increase in gross floor area to 868,212 sq ft
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Kalpana Rashiwala
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CAPITALAND Mall Trust (CMT) seems to have come to a crossroads of sorts for its Funan DigitaLife Mall along North Bridge Road. It could sell the ageing mall - which is looking even more tired amid the rejuvenation of the locale, thanks to the Capitol project - and book a one-time gain, in line with its parent CapitaLand Group's style of recycling capital.
Or CMT could finally set its mind on redeveloping the site and coming up with a novel product that can provide a future income stream.
Funan has been in the CMT portfolio from Day One of the trust's flotation in 2002.
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