Raffles City Singapore, a property of CapitaLand Integrated Commercial Trust. (Photo: REITsWeek)

The property manager of CapitaLand Integrated Commercial Trust (CICT) asset, Raffles City Singapore, is in discussions with Robinsons regarding its lease, REITsWeek has learnt.

The manager will also be using this opportunity to refresh Raffles City’s tenant mix after Robinsons’ impending departure, given the significant amount of space that will be vacated.

Robinsons is a 162-year-old department store that has since gone into provisional liquidation amid difficult operating conditions.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.