CapitaLand Investment Limited (SG:9CI) has released an update.
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CapitaLand Malaysia Trust (CLMT) is set to acquire a soon-to-be-completed industrial building and warehouse in Elmina Business Park, Malaysia, for RM180 million. The acquisition, managed by MTrustee Berhad, includes a lease agreement with Projek Tetap Teguh Sdn. Bhd., securing a 10-year lease with options for renewal. This move highlights CLMT’s strategic expansion in industrial real estate, potentially boosting investor interest in their portfolio.
For further insights into SG:9CI stock, check out TipRanks’ Stock Analysis page.
