According to the group, the acquisition is expected to contribute positively to CLMT’s income. The property is expected to generate an annual gross rent of RM12.3 million, with a first-year gross yield of approximately 6.8%, adds CLMT.
CapitaLand Malaysia Trust (CLMT), which is wholly-owned by CapitaLand Investment, has acquired a freehold automated logistics property from PTT Logistics Hub 1.
The property, Elmina Logistics Hub, is located within Elmina Business Park and has a purchase consideration of RM180 million ($54.3 million).
