CAPITALAND Malaysia Trust (CLMT), a subsidiary of CapitaLand Investment, on Wednesday (Feb 5) signed a conditional agreement to acquire three freehold industrial properties for a cash consideration of RM72 million (S$22 million) from Rainbow Entity, a subsidiary of Bursa Malaysia-listed Gromutual.

The properties are located in Senai Airport City, an industrial and manufacturing hub in the Senai region, which is part of the Johor-Singapore Special Economic Zone in Malaysia.