CapitaLand Mall Trust property, Funan. (Photo: REITsWeek)

CapitaLand Mall Trust (CMT) has achieved 95% committed occupancy for the retail component of its newly-revamped property, Funan.

The milestone was announced days before the property is scheduled to open on 28 June.

With the commitments secured thus far, the property will play host to more than 190 brands.

“This points to the continued market demand for centrally-located, and well-designed retail spaces that enjoy inherent shopper traffic as part of a quality integrated development”, said Tony Tan, CEO of the REIT’s manager.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.