CapitaLand divests Bedok Mall to CMT for $783.1m

The deal will be completed in Q4.

CapitaLand today revealed that it is divesting Bedok Mall to CapitaLand Mall Trust (CMT) for a total consideration of $783.1m.

CapitaLand will divest its entire unitholding interest of Brilliance Mall Trust, which owns Bedok Mall.

Of the total amount of $783.1 million, CapitaLand will receive from CMT about S$464.0 million, including 72 million new units in CMT, which will be priced at the 10-day Volume Weighted Average Price immediately preceding the date of completion of the transaction.

The transaction, which is conditional upon CMT unitholders’ approval, among other things, is expected to be completed by the fourth quarter this year.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia