CapitaMalls Malaysia Trust buys Petaling Jaya property

Singapore

CAPITAMALLS Malaysia Trust (CMMT) is buying Tropicana City Mall and Tropicana City Office Tower in Petaling Jaya, Selangor, for a purchase consideration of RM540 million (S$201.2 million) through its trustee, AmTrustee Berhad.

CapitaMalls Malaysia Reit Management Sdn Bhd (CMRM), CMMT's manager, said on Monday that AmTrustee Berhad had signed a conditional sale-and-purchase agreement with Tropicana City Sdn Bhd.