CapitaMall acquires Iluma for $298.95mn

The total acquisition cost is comprised of the purchase consideration fee of $295mn and other fees worth $3.95mn.

CapitaMall said that further to its announcement dated 28 February 2011, the acquisition of Iluma, at Victoria Street, has been completed today.

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 (“NLA”) of 185,190 square feet (“sq ft”) and is connected by an overhead link-bridge to the second storey of Bugis Junction.

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