CapitaLand may sell Rivervale Mall
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Singapore property conglomerate CapitaLand has confirmed it is reviewing its options for the future of Rivervale Mall.
“CapitaLand Mall Trust has not come to any decision or entered into any agreement or transaction in connection with the options, nor is there any certainty or assurance that CMT will enter into or conclude any such transactions,” the company said in a disclosure to the Singapore stock exchange.
The company said the consideration was in line with its policy of continually evaluating its portfolio of assets “and exploring opportunities to maximise” their value.
Rivervale Mall is located in the Sengkang housing estate close to Rumbia LRT station in the north-eastern region of Singapore. The three-storey mall has a net lettable area of 81,159 sqft and serves the local community.
Key tenants include NTUC Foodfare, Daiso, Bata, Eu Yan Sang TCM, McDonald’s, Long John Silver’s, Guardian, KFC, BBQ Chicken, Watsons, Kimage, NTUC Denticare, Unity NTUC Healthcare.
In 2014, it had a footfall of 9.9 million.
Questions & Answers
Q.Has CapitaLand decided to sell Rivervale Mall yet?
Has CapitaLand decided to sell Rivervale Mall yet?
No, CapitaLand Mall Trust has not made a decision or entered into any agreement regarding the mall's future. There is no certainty that any transactions will be concluded at this stage.
Q.Why is CapitaLand considering selling Rivervale Mall?
Why is CapitaLand considering selling Rivervale Mall?
CapitaLand stated that reviewing its options for the mall is consistent with its policy. The company continually evaluates its portfolio of assets to explore opportunities to maximise their value.
Q.Where is Rivervale Mall located?
Where is Rivervale Mall located?
The mall is situated in the Sengkang housing estate in the north-eastern region of Singapore. It is located close to Rumbia LRT station and serves the local community.
Q.How large is Rivervale Mall and how busy was it in 2014?
How large is Rivervale Mall and how busy was it in 2014?
Rivervale Mall is a three-storey building with a net lettable area of 81,159 square feet. In 2014, the mall recorded a footfall of 9.9 million visitors.
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