CapitaMall Trust

[EnSabahNur]

The reporter provided more context in the comments to the article. He cites someone knowledgeable about the situation.

It seems that the theatre is willing and able to pay rent. However, the problem is where do they need to site their playhouse? If they move out, should Capitaland commit to providing space for them in the refurbished building?
They referred this to the city govt for several years and apparently the city govt says they should remain where they are.

So there are 4 stakeholders, the city gov and the theatre are seperate.

I am not sure if the theatre should be called a squatter though, because the city seems to think they should remain where they are.

He further explains that the problem could be due to some arcane oversight when the deal for them to move into the building was struck. This deal wasn't entered into the land registry, or something like that.

So the impression I get is that Capitaland is now dragged into this although the agreement was struck before they bought the building.

It is... a little messy.

(vested)