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, AME Elite, a provider of integrated industrial space solutions 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 about 524,077 sq ft.
“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 its financial year ending March 31, 2027 and onwards, the group said.
