KUALA LUMPUR: MTrustee Bhd, the trustee of Capitaland Malaysia Trust
(CLMT), has entered into agreements to acquire 91.8% of the total strata floor area of retail parcels in Queensbay Mall in Penang for RM990.5mil.
In a statement, CapitaLand Malaysia REIT Management Sdn Bhd (CMRM), the manager of CLMT, said the purchases from parties related to CapitaLand Investment Ltd (CLI) represent a discount of about 1% to the independent valuation of RM1bil.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
