CapitaLand to reduce reliance on retail, ventures into industrial real estate, logistics, data centres

KUALA LUMPUR: CapitaLand Malaysia REIT Management Sdn Bhd intends to lessen its reliance on retail segment by diversifying into industrial real estate, logistics and data centres over the next year.

Chief executive officer Tan Choon Siang said these segments would be the primary focus of the company because they could be potential new assets for the company and a pre-check on these sectors showed that they are resilient, particularly during the peak of COVID-19.