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An announcement from CapitaLand Investment Limited ( (SG:9CI) ) is now available.
CapitaLand Malaysia Trust has agreed, via its trustee MTrustee Berhad, to acquire five single-storey detached factory units with double-storey offices and ancillary buildings to be developed on freehold land in the i-TechValley, Phase 3, Southern Industrial and Logistics Clusters in Iskandar Puteri, Johor, for a total cash consideration of RM220.8 million. The non-related party transaction, representing about 4.2% of CLMT’s total asset value, signals the REIT’s continued expansion into industrial and logistics real estate, potentially enhancing portfolio diversification and future rental income from a strategic growth corridor in southern Malaysia.
The most recent analyst rating on (SG:9CI) stock is a Buy with a S$3.65 price target. To see the full list of analyst forecasts on CapitaLand Investment Limited stock, see the SG:9CI Stock Forecast page.
More about CapitaLand Investment Limited
CapitaLand Malaysia Trust (CLMT), managed by CapitaLand Malaysia REIT Management Sdn. Bhd., is a Malaysian real estate investment trust focused on acquiring and managing income-generating properties. Its portfolio spans retail, commercial and increasingly industrial and logistics assets, positioning the trust to tap growth in Malaysia’s real estate and infrastructure development sectors.
Average Trading Volume: 10,890,530
Technical Sentiment Signal: Buy
Current Market Cap: S$13.78B
For an in-depth examination of 9CI stock, go to TipRanks’ Overview page.