CapitaLand Malaysia REIT Management Sdn. Bhd. (CMRM), the manager of CapitaLand Malaysia Trust (CLMT), is pleased to announce today that MTrustee Berhad, the Trustee of CLMT, has entered into agreements to acquire 91.8% of the total strata floor area of retail parcels in Queensbay Mall (QBM Property) from parties related to CapitaLand Investment Limited (CLI or Sponsor) for RM990.50 million (Total Purchase Consideration).

The Total Purchase Consideration of RM990.50 million, negotiated on a willing-buyer willing-seller basis, represented a discount of approximately 1.0% to the independent valuation of RM1.0 billion commissioned by the Trustee.