CLMT acquires first modern automated logistics property for RM180mil

Quick Summary:

KUALA LUMPUR: CapitaLand Malaysia Trust (CLMT) is acquiring a freehold automated logistics property in Elmina Business Park, Selangor, from PTT Logistics Hub 1 Sdn Bhd, for RM180mil.

The property features 19 loading bays with hydraulic dock levellers and is capable of handing over 30,000 pallets.

Following the transaction, CLMT said its proforma gearing will increase from 42.1% to 44.1%, which remains below the regulatory limit of 50%.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Logistics Corporate News CLMT PTT Synergy Capitaland Malaysia Trust /Business/Business News Elmina

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-02 @ 18:54:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 354 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 24036022

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