CapitaLand Malaysia Trust acquisition of 91.8% of the total strata floor area of retail parcels in Queensbay Mall, Penang

RL&P News 17 July 2023

Advising CapitaLand Malaysia Trust (“CLMT”), a real estate investment trust (“REIT”) listed on the Main Market of Bursa Securities, in relation to the acquisition by CLMT of 91.8% of the total strata floor area of retail parcels in Queensbay Mall, Penang from parties related to CapitaLand Investment Limited, for a purchase consideration of RM990.50 million. Our Firm also advised on the private placement exercise of new units in CLMT to raise gross proceeds of up to RM495.25 million to partly settle the purchase consideration.

Advising CLMT were Partners Zandra Tan and Amelia Koo.