PETALING JAYA: Capitaland Malaysia Trust
(CLMT) has entered into agreements to purchase 91.8% of the total strata floor area of retail parcels in Queensbay Mall for RM990.5mil from CapitaLand Investment Ltd (CLI).
CapitaLand Malaysia REIT Management Sdn Bhd (CMRM), the manager of CMLT, said in a statement yesterday the total purchase consideration carried a discount of 1% to the independent valuation of RM1bil.
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