The strategically located Elmina Logistics Hub is under development and is scheduled to be completed in the first half of 2025
KUALA LUMPUR: Capitaland Malaysia Trust
(CLMT) is acquiring a freehold automated logistics property in Elmina Business Park, Selangor, from PTT Logistics Hub 1 Sdn Bhd, for RM180mil.
In a statement, CLMT said the acquisition is expected to contribute positively to its income with the Elmina Logistics Hub expected to generate an annual gross rent of RM12.3mil with a first-year gross yield of about 6.8%.
