CapitaLand’s Funan Mall to re-open at end-June

CapitaLand Integrated Commercial Trust's Funan mall in SingaporeCapitaLand Integrated Commercial Trust's Funan mall in Singapore

The Funan mall, owned by CapitaLand and CapitaLand Mall Trust, is set to re-open on 28 June, two months ahead of schedule, after a three-year redevelopment period.

The mall will have more than 180 brands, with around 30 percent of them new-to-market, new concept stores or flagships, the developer and REIT said in a filing to SGX Monday.

Tony Tan, CEO of CapitaLand Mall Trust Management, the trust’s manager, said the mall was aiming to offer experiences that couldn’t be replicated with online shopping.

“This innovative approach in curating a mall will augur well in creating sustained value for our unitholders over the long term,” Tan said in the statement.

New stores will include Dyson’s first standalone store in Singapore, folding bikes maker Brompton Junction’s Southeast Asia flagship, Wild Rice theatre and True Group’s first TFX fitness center, the filing said.

On level seven, there will also be an urban farm, operated by Edible Garden City, which will supply produce to restaurants in Funan, it said.

Former Funan tenants returning to the mall include tech retailer AddOn Systems, which operates a Lenovo flagship store; GamePro Shop, which will organize esports tournaments; and consumer electronics retailer COURTS, the statement said.

The Funan development has a retail component, two office blocks and co-living serviced residences lyf Funan Singapore, from Ascott Ltd.

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