CapitaLand Malaysia REIT Management Sdn. Bhd. announced that MTrustee Berhad, the Trustee of CLMT, has entered into a conditional sale and purchase agreement to acquire three prime freehold ready-built factories (the Subject Properties) located at the Nusajaya Tech Park in Iskandar Malaysia, Johor (the Proposed Acquisition) from Nusajaya Tech Park Sdn.

Bhd. The agreed value of MYR 27.0 million, negotiated on a willing-buyer willing-seller basis, is in line with the independent market valuation1 of MYR 28.2 million commissioned by the Trustee. Developed by Nusajaya Tech Park Sdn.

Bhd. 2, Nusajaya Tech Park is a 210-hectare integrated industrial development located at Gerbang Nusajaya in Iskandar Malaysia, Johor. Designed to accommodate a wide range of light to medium industries, it is home to multinational corporations and leading local enterprises from various industries, including aerospace, automotive electronics, precision engineering, IT, e-commerce and data centres.

Strategically located within minutes from the Malaysia-Singapore Second Link Expressway, Nusajaya Tech Park offers seamless connectivity to a network of international airports and seaports in both Singapore and Malaysia. This prime location ensures efficient transportation and enables easy access to global markets for businesses operating in the park.