CapitaLand Malaysia Trust acquires automated logistics property for RM180m
This acquisition brings CLMT’s portfolio to 11 properties, increasing the proportion of logistics and industrial assets to 6% from 3% of its total portfolio under management.
This acquisition brings CLMT’s portfolio to 11 properties, increasing the proportion of logistics and industrial assets to 6% from 3% of its total portfolio under management.
According to CapitaLand Malaysia Trust, Yong has more than 28 years of experience in banking including project financing, consultancy and real estate industry including fund management for real estate.
For the 9MFY2024, the REIT’s NPI rose 24% to RM191.
LSH33 is a mixed development comprising one block each for the Malaysian Civil Servants Housing Programme (PPAM) with 300 units, Residensi Wilayah (300 units), and open market condominium (300 units).
Cypark said the partners plan to integrate renewable energy sources and modern energy management systems, including battery storage solutions, to ensure firm and cost-efficient power supply to the industrial park.
The proposed IPO involves a public issue of 132 million new shares and an offer for sale of 59 million existing shares at a price to be determined later, according to its draft prospectus.
The construction firm said its wholly-owned TSR Bina Sdn Bhd had accepted the contract from Sime Darby Property Bhd.
Following the termination, Sinmah Capital said it shall receive a settlement sum of RM12.
The Jesselton Docklands 2 project is part of the broader Jesselton Waterfront City plan, which includes tourism and commercial features connected to key landmarks such as Jesselton Quay and the Sabah International Convention Centre.
This compares to the RM85.