Capitaland acquires second logistics property for RM39.7mil

KUALA LUMPUR: MTrustee Bhd, on behalf of Capitaland Malaysia Trust (CLMT), has entered into a sale and purchase agreement with Cynnyx Sdn Bhd to acquire a freehold logistics warehouse at the Hicom-Glenmarie Industrial Park in Shah Alam worth RM39.7 million.

CapitaLand Malaysia REIT Management Sdn Bhd (CMRM) is the manager of CLMT while MTrustee is the trustee.