News about Queensbay Mall

So far this year, CLMT has gained 17%, sharply outperforming its peers, buoyed by potential earnings contributions from its newly-acquired industrial properties.

According to TA Securities, CLMT achieved a 24% year-on-year (y-o-y) increase in realised net profit, reaching RM111.

CapitaLand Malaysia said the facility marks its largest loan facility to-date and is linked to the sustainability performance targets of Queensbay Mall.

Distributable income for the quarter under review grew 29% to RM28.

Earnings per share rose to 1.

The real estate investment trust (REIT) said it had initially expected last year's strong recovery to taper off this year considering that there were no more special Employees Provident Fund (EPF) withdrawals, and due to a higher cost of living which may dent consumers’ spending power.

Unitholders also approved a private placement of up to 1.

The acquisition of Queensbay Mall will deepen CLMT’s presence in Penang, thus strengthening its foothold in the northern region of Malaysia, where it already owns Gurney Plaza and is targeting to complete the acquisition of its first logistics property in Penang in the fourth quarter of this year.

While the year-end festive gift shopping may be overwhelming, stop and take in the Christmas spirit by admiring the stunning decor the malls in town have come up with.

It has been 11 years since Queensbay Mall in Bayan Lepas, Penang first opened its doors to the public, but it constantly has something new and fresh to offer.