Home Capital Yield watch

New Funan gives CMT an immediate boost in AUM, subsequent lift to NAV, NPI and DPU

Goola Warden
Goola Warden7/5/2019 7:30 AM GMT+08  • 11 min read
New Funan gives CMT an immediate boost in AUM, subsequent lift to NAV, NPI and DPU
(July 8): On June 27, Will Butler-Adams, CEO of Brompton Bikes, could be seen around Funan, where -Brompton Bikes was readying its flagship store in Southeast Asia called Brompton Junction. One of the bikes is a Lion City Special Edition bike. On June 29,
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

(July 8): On June 27, Will Butler-Adams, CEO of Brompton Bikes, could be seen around Funan, where -Brompton Bikes was readying its flagship store in Southeast Asia called Brompton Junction. One of the bikes is a Lion City Special Edition bike. On June 29, Butler-Adams led a group of some 300 local Brompton bike owners for a cycle ride from Labrador Park to Funan, where there are end-of-trip facilities. For a free shower, the QR code on the CapitaStar app can be used to enter the shower/changing rooms.

“With a view to [supporting] the nation’s car-lite movement and [serving] the office community in and around Funan who cycle to work, Funan is also the first commercial development in Singapore to allow cycling through its building, complemented by a dedicated Bicycle Hub with end-of-trip amenities,” CapitaLand says in a press release.

Funan, a mixed-use development on North Bridge Road, is one of 15 properties owned by CapitaLand Mall Trust, Singapore’s first listed real estate investment trust. It was the largest REIT by assets and market capitalisation until it was overtaken by Ascendas REIT, which, as at July 1, also counts CapitaLand as sponsor and major unitholder. CMT’s assets under management (AUM) are likely to be boosted by Funan this year.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now