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CapitaLand Mall Trust
Annual Report 2015
Operations Review
Overview
Sustainability
Business
Review
Portfolio
Details
Corporate
Governance &
Transparency
Lease Renewals and New Leases
The retention rate of our tenants in 2015 was 81.1%, reflecting our strong relationship with our tenants as well as
our proactive lease management to constantly refresh the tenant mix in each property to remain relevant and
attractive to our shoppers. On a portfolio basis, rental rates for lease renewals and new leases in 2015 saw an
average increase of 3.7% against preceding rental rates at the end of typical three-year leases.
Summary of Renewals / New Leases
(From 1 January to 31 December 2015) (excluding newly created and reconfigured units)
Property
Number of
Renewals /
New Leases
for Retail
Units only
Retention
Rate
%
Increase in
Current Rental
Rates vs
Preceding
Rental Rates
(Typically committed
three years ago)
%
Area
sq ft
Percentage
of Mall
%
Tampines Mall
55
83.6
75,188
21.2
6.4
Junction 8
32
81.3
25,457
10.1
6.4
Funan DigitaLife Mall
65
96.9
103,080
34.5
1.5
IMM Building
62
91.9
54,953
13.0
4.5
Plaza Singapura
74
70.3
93,542
19.4
3.4
Bugis Junction
51
76.5
49,571
12.4
5.0
Sembawang Shopping Centre
21
66.7
46,594
32.6
(0.1)
JCube
23
82.6
29,590
14.3
(14.5)
Raffles City Singapore
61
78.7
74,305
17.5
2.3
Lot One Shoppers’ Mall
44
77.3
77,648
35.3
6.0
Bukit Panjang Plaza
12
66.7
21,483
13.1
4.0
The Atrium@Orchard
22
95.5
30,045
22.0
0.1
Clarke Quay
24
87.5
60,803
24.1
18.0
Bugis+
48
70.8
96,017
44.8
3.8
CMT Portfolio
594
81.1
838,276
21.1
3.7
Financials &
Additional
Information
Net Lettable Area
(NLA)
