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Funan mall 92% leased ahead of June 28 reopening

Funan mall 92% leased ahead of June 28 reopening.

Funan has achieved 92 per cent in commitments for retail leasing to date as well as 98 per cent in pre-leasing commitments for its twin office blocks, a joint media statement by CapitaLand Mall Trust's (CMT) manager and CapitaLand said yesterday. The mall will welcome shoppers again on June 28, two months ahead of schedule, after a three-year redevelopment. CMT's manager expects more retail leases to be signed in the coming months, said Mr Tony Tan, chief executive officer of CapitaLand Mall Trust Management.

With a total gross floor area of 887,000 sq ft, the Funan integrated development comprises a shopping mall, two office blocks and lyf Funan Singapore - the Singapore flagship of The Ascott Limited's lyf co-living serviced residence - which is slated to open in the fourth quarter of this year.

Funan is located in the Civic District, with a direct underpass linking it to City Hall MRT station.

The mall will house more than 180 brands, of which one-third are new-to-market, new concept stores or flagships. These include consumer technology firm Dyson, with its first stand-alone store in Singapore, and British folding bike manufacturer Brompton Junction's South-east Asian flagship store.

Source: https://www.straitstimes.com/business/property/funan-mall-92-leased-ahead-of-june-28-reopening

Adapted from The Straits Times 4 June 2019