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.
The industrial park is estimated to have a gross development value (GDV) of between RM321 million and RM397 million, according to Citaglobal.
As of Nov 5, the company's issued share capital stood at RM961.
“It was also RM179 million higher than a previously cancelled direct deal.
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.
According to SFI, the land acquisitions by the Sabah government and its conduct post-acquisitions are contrary to public purpose.
DONE DEAL: Condo unit, Ara Hill Condominium, Ara Damansara, Selangor DONE DEAL: Semidee house, Semantan Villa, Damansara Heights, Kuala Lumpur Taman Puchong Perdana, Selangor, offers an even mix of landed and non-landed residential properties, with condominiums/apartments and terrace houses being the two most common types of properties, comprising 40.
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