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.
(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.
