The 7-storey Festival Walk mall has been described as an “anchor asset” for MNACT. In the latest 1HFY2020 ended September, Festival Walk accounted for 61.7% of MNACT’s net property income.
SINGAPORE (Nov 20): More than a week after violence from escalating unrest in Hong Kong spilled into Festival Walk shopping centre, the Kowloon Tong mall remains closed “until further notice”.
In a filing to SGX on Tuesday, the manager of Mapletree North Asia Commercial Trust (MNACT), which owns the Festival Walk property, updated that it is assisting and working closely with tenants as the mall is “not operational”.
