SINGAPORE, Feb 28 (Reuters) - Singapore’s CapitaMall Trust Management said on Monday it has entered an agreement to buy a shopping mall in the city-state, Iluma, for S$295 million ($231 million).
“Iluma is a new shopping mall in Singapore located at Victoria Street opposite the popular Bugis Junction, one of CMT’s existing properties. The mall has a net lettable area of 185,190 square feet,” CapitaMall Trust said in a statement.
CapitaMall is part of Singapore’s CapitaLand, Southeast Asia’s largest property firm.
($1 = 1.277 Singapore Dollars)
Reporting by Harry Suhartono