Capitaland acquires property in Selangor for RM180mil

The strategically located Elmina Logistics Hub is under development and is scheduled to be completed in the first half of 2025

PETALING JAYA: Capitaland Malaysia Trust (CLMT) is proposing to acquire a single-storey warehouse from PTT Logistics Hub 1 Sdn Bhd within Elmina Business Park, Sungai Buloh, Selangor, for RM180mil.

In a filing with Bursa Malaysia, CLMT said the property, the Elmina Logistics Hub, is currently being constructed and will be equipped with an automated storage and retrieval system (ASRS).