Mr. Tan Choon Siang, CEO of CapitaLand Malaysia REIT Management Sdn. Bhd. (CMRM), the director of CLMT, said: “The acquisition of our first modern automated logistics property allows CLMT to capitalize on the growing demand for such assets which enable customers to improve operational efficiencies, maximize space utilization and reduce the use of manual tools. work. CLMT’s strategic evolution fills the current market gap in the area of automated warehouses, providing us with the opportunity to grow in this specialized segment. The long-term lease will also generate stable recurring revenue and improve the resilience of our portfolio.
“This transaction underlines our commitment to creating value by expanding CLMT’s portfolio with high-quality assets offering stable recurring income. Through a long-term lease, the acquisition strengthens our industrial and logistics tenant base and improves the overall resilience of the CLMT portfolio. Stepping up our portfolio rejuvenation efforts, we have announced investments of nearly RM330 million in industrial and logistics assets since the expansion of CLMT’s investment mandate in 2021. We are confident that these acquisitions will further strengthen CLMT’s portfolio, positioning it for continued growth,” added Mr Tan.
Privileged location within an established logistics hub
Elmina Logistics Hub is strategically located within the Elmina Business Park, a modern 1,500-acre industrial and commercial park. This prime location provides excellent connectivity to major logistics routes in the Klang Valley including the North-South Expressway, Guthrie Corridor Expressway, North Klang Valley Expressway, Damansara-Shah Alam Elevated Expressway and the Kuala Lumpur-Kuala Selangor. Its strategic location ensures seamless access to major transport routes, facilitating efficient logistics and distribution.