CapitaLand Malaysia Trust to acquire lands in Penang for RM80mil

KUALA LUMPUR: Capitaland Malaysia Trust (CLMT) has entered into a sale and purchase agreement to acquire two plots of contiguous freehold land and industrial properties erected therein in Sungai Jawi, Penang for RM80 million.

This marks CLMT’s entry into Malaysia’s logistics sector after the expansion of its investment mandate beyond the retail sector to include properties in commercial, office and industrial asset classes, the group said in a filing with Bursa Malaysia today.