trending Market Intelligence /marketintelligence/en/news-insights/trending/tO_QY37G60tjagTZnqGZNw2 content esgSubNav
In This List

New management contract expands CapitaLand's Singapore mall network to 20

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Real Estate News & Analysis: May Edition


New management contract expands CapitaLand's Singapore mall network to 20

CapitaLand Ltd., through CapitaLand Mall Asia, signed its initial third-party mall management contract in Singapore, bringing its mall network in the Lion City to 20 shopping malls, encompassing a combined gross floor area of roughly 14.2 million square feet, excluding car park space.

Under the agreement with Singapore Post, CapitaLand's wholly owned mall business subsidiary will oversee pre-opening, marketing and promotion activities, lease management and facilities management of the five-story SingPost Centre mall, located at the Paya Lebar Central commercial hub in the eastern part of Singapore that is still being developed.

SingPost Centre, which is slated to open in the second half of 2017, has 269,000 square feet of GFA and approximately 175,000 square feet of net lettable area.

At the same time, CapitaLand is growing its mall footprint in other parts of Asia. In January, the subsidiary signed a mall management contract for the five-story La Botanica mall at the Chan-Ba Ecological District in Xi'an, China.