AME Elite executive director and group CEO Dylan Tan Teck Eng (left) and CapitalLand Malaysia Trust CEO and executive non-independent director Yong Su-Lin (right).
PETALING JAYA: AME Elite Consortium Bhd has entered into five sale and purchase agreements with Mtrustee Bhd, being the trustee of Capitaland Malaysia Trust
(CLMT), for the sale of industrial properties in the Johor-Singapore Special Economic Zone (JS-SEZ) for RM220.8mil.
In a statement, the integrated industrial space solutions provider said the deal involves CLMT acquiring five industrial properties within AME Elite’s 170-acre i-TechValley in Iskandar Puteri, Johor.
“The assets consist of five single-storey detached factories with two-storey offices occupying about 17 acres of land, with a total built-up area of approximately 524,077 square feet.
“Under the agreements, AME Elite will deliver the industrial properties in a move-in ready condition in stages between 2027 and 2028.”
The sale is expected to contribute positively to AME Elite’s earnings in the financial year ending March 31, 2027 and onwards, it said.
AME Elite’s ongoing developments include i-Park @ Senai Airport City and i-TechValley in Johor, and Northern TechValley @ BKE in Penang. The Group is also expanding its footprint in the central region through a joint venture with KLK Land to develop a 151.2-acre industrial park in Selangor.
AME Elite executive director and group CEO Dylan Tan Teck Eng said: “The execution of these SPAs with a major institutional player like CapitaLand Malaysia Trust highlights the strong market demand for our high-specification facilities and the institutional- grade nature of our industrial parks.”
“This RM220.8mil transaction is a significant milestone that enables us to surpass our sales target of RM400mil for the financial year ending March 31, 2026 (FY26) ahead of schedule. Our strategic proximity to Singapore and the ongoing momentum of the JS-SEZ initiative continue to position AME Elite as the partner of choice for world-class industrial solutions.”
