CapitaMalls Malaysia granted option

Posted on | July 6, 2010

By BUSINESS TIMES


CAPITAMALLS Malaysia Trust (CMMT), en route for a Bursa Malaysia listing on July 16, has been granted the option to buy the Gurney Plaza Extension for RM215 million by April 2011.

The extension, which includes a nine- storey adjoining Gurney Plaza and car park bays, is owned by Gurney Plaza Sdn Bhd.

The latter was granted a put option by Capitaretail Gurney Sdn Bhd, a unit of CapitaMalls Asia Ltd.

- REIT Industry News in Malaysia

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