In what may be indication of an impending divestment, Singapore-listed retail REIT CapitaLand Mall Trust (SGX:C38U) announced on 19 August that it is “currently exploring various options” with regards to a property in its portfolio known as Rivervale Mall,
The property is a three-storey shopping centre in the northeastern part of Singapore. According to the REIT, the options are being explored “in line with its policy of continually evaluating CapitaLand Mall Trust’s portfolio of assets” and “exploring opportunities to maximise the value”.
“Unitholders should note that as at the date of this announcement, CapitaLand Mall Trust has not come to any decision or entered into any agreement or transaction in connection with the options, nor is there any certainty or assurance that CapitaLand Mall Trust will enter into or conclude any such transactions”, the REIT said.
CapitaLand Mall trust announced earlier in the year that it is also exploring various options with another property in its portfolio, Funan DigitaLife Mall.
Units of CapitaLand Mall Trust are currently listed on the Singapore Exchange at SGD1.94.