CapitaLand Investment to sell Penang’s Queensbay Mall to CapitaLand Malaysia Trust for RM990.5 mil
SINGAPORE (EDGEPROP) – CapitaLand Investment Limited (CLI) is divesting its entire interest in Queensbay Mall, located in Penang, Malaysia to CapitaLand Malaysia Trust (CLMT), its sponsored REIT listed on Bursa Malaysia, for RM990.5 million ($300.3 million). CLI holds 91.8% of the total strata floor area of retail parcels in the mall. The agreed value for...
- By srec
- December 2, 2022
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