CapitaLand Mall Trust secures leases from government tenants at Funan

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In addition to tenants from multinational corporations and start-ups, CapitaLand Mall Trust (CMT) has also secured three Singapore government agencies as tenants at its Funan property.

As such, the REIT has secured pre-leasing commitment for about 210,000 square feet of office spaces at the asset, representing about 98% of Funan’s total office net lettable area (NLA).

Funan, which has just undergone a SGD560 million refurbishment, is owned by CMT but managed by the REIT’s sponsor, CapitaLand.

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