CapitaLand Malaysia Trust has entered into a forward purchase agreement to acquire five high-specification industrial facilities in the i-TechValley park at Iskandar Malaysia, Johor, for RM220.8 million, a 0.6% discount to an independent valuation of RM222.1 million, the trust said on Dec, 22 2025.
The assets comprise five single-storey detached factories with two-storey office components and ancillary buildings, offering a combined built-up area of 524,077 sq ft. Completion is scheduled in phases from 1Q 2027 to 1Q 2028.
CLMT will fund the purchase with existing debt facilities, paying a 10% deposit upfront and the balance upon completion. The transaction is expected to be distribution-per-unit accretive, delivering an estimated first-year gross yield of about 7.3% and increasing the trust’s pro-forma gearing from 39.8% to 42.2%.
Once operational, the new properties will expand CLMT’s Johor footprint to 11 industrial assets with a total built-up area of about 781,937 sq ft. The additions will raise the share of industrial and logistics assets in the trust’s portfolio from 7.9% to 11.5%.
Situated within the 170-acre i-TechValley at the Southern Industrial and Logistics Clusters in Iskandar Puteri, the facilities offer high floor loading, generous ceiling heights, and proximity to major highways and Singapore’s Tuas Checkpoint, positioning them to benefit from growth linked to the Johor-Singapore Special Economic Zone and upcoming infrastructure projects such as the Rapid Transit System Link.
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