$CLMT (5180.MY)$ KUALA LUMPUR: Capitaland Malaysia Trust (CL...

$CLMT (5180.MY)$ 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.

In a statement, CLMT said the acquisition is expected to contribute positively to its income with the Elmina Logistics Hub expected to generate an annual gross rent of RM12.3mil with a first-year gross yield of about 6.8%.