AME Elite to sell five industrial properties in Johor to CapitaLand for RM220.8m cash
The sale “highlights the strong market demand for our high-specification facilities and the institutional-grade nature of our industrial parks”.
The sale “highlights the strong market demand for our high-specification facilities and the institutional-grade nature of our industrial parks”.
This development consists of a five-storey basement, a 10-storey podium, a 48-storey hotel and private residences (Tower 1) and a 56-storey serviced apartment (Tower 2).
The scope of works includes earthworks, soil treatment and ancillary site preparation activities for the new industrial project in Ijok.
The company will be working on Sydney Metro West stations in a contract valued at RM7.
The property comprises about 72,356 sq ft of land, with an additional 23,357 sq ft of extra land, and a gross floor area of about 33,350 sq ft.
The group has set a target to launch over 10,000 units a year.
The 50:50 joint venture with Samsung C&T Corporation will be working on the Marinus Link undersea cable project, covering civil, structural, and electrical infrastructure, Gamuda said in an exchange filing.
HLIB said from 4Q2025 onwards, REITs with recently completed acquisitions should see stronger contributions.
Phase 1 includes the development of three lines: the Blue Line from Rembus in Kota Samarahan to Hikmah Exchange in the city centre; the Red Line, from Kuching Sentral to Pending; and the Green Line, from Pending to Damai.
Ann Joo said developing its land into an industrial park makes it more attractive and valuable than selling it directly.