CMT reveals growth battle plan for next two years

Active leasing and AEIs are key strategies.

CapitaMall Trust (CMT) will focus draw support from healthy underlying property fundamentals to drive growth for the company in the next two years, the company said during the recent SGX Sector Connect Seminar.

CMT said active lease management will play a critical role in its efforts, and that it will focus on the remaining 680 leases up for renewal in 2013. It also plans on implementing active leasing for Westgate by end-2013.

Asset enhanement initiatives are also central to CMT's plans, with assent enhancement works scheduled for Bugis Junction by 2Q 2013 with a target completion by 3Q 2014. CMT said it is also looking to explore phase 2 of IMM Building's repositioning exercise in order to house more outlets.

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