CapitaLand Malaysia Trust posts record net property income of RM264 mil in FY2024
The real estate investment trust (REIT) announced a distribution of 1.
The real estate investment trust (REIT) announced a distribution of 1.
“We have been actively managing our balance sheet to create room for acquisitions and if we have a choice, we would be keen to deploy some of our capital again in the industrial and logistics area,” said Tan Choon Siang, the chief executive officer of the trust's manager, CapitaLand Malaysia REIT Management Sdn Bhd.
In the JLL 1Q2025 press conference for the Malaysian property sector on Wednesday, JLL Malaysia managing director Jamie Tan shared that property hotspots, such as the central Klang Valley, Penang and Johor, are more prone to overbuilding as market sentiment improves.
Both nations emphasised their commitment to fostering a stronger bilateral partnership based on mutual respect and a constructive approach to resolving issues, ensuring win-win outcomes without overshadowing the broader relationship.
“The development is envisioned as an international business hub and a liveable and inclusive city for the community.
Matrix Concepts will be jointly developing MVV City Phase 1 with the Negeri Sembilan state government (NS Corp), with the developer holding an 85% stake in the development and will be leading the development.
Despite this, Target 1 said it remains committed to ensuring that the EGM proceeds as planned and will take all necessary steps in accordance with the law.
Managing mixed developments can be daunting.
As at end-September, the group reported unbilled sales of RM592 million.
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.