News

On behalf of the Board of Directors of CapitaMalls Malaysia REIT Management Sdn. Bhd. the manager of CMMT, CIMB Investment Bank Berhad wishes to announce that the Trustee, on behalf of CMMT, had on 26 January 2015 entered into a conditional sale and purchase agreement with Tropicana City Sdn. Bhd. for the acquisition of the Property (as defined below), comprising the following, for a total purchase consideration of RM540.0 million:

(i)         a four (4) storey shopping mall known as “Tropicana City Mall” (“Retail Mall”) and the four (4) levels of car park (part of the Lower Ground, Basement 1, Basement 2 and part of Basement 3) comprising 1,759 car park bays which are designated for the exclusive use of the Retail Mall and Office Tower  (the “Car Park”)

            (the Retail Mall and the Car Park shall collectively be known as the “Mall Building”); and

(ii)         a twelve (12) storey office building known as “Tropicana City Office Tower” (the “Office Tower”)

all of which are erected on a piece of land measuring approximately 36,607 square metres, or approximately 394,034 square feet with master title held under Geran 54431, Lot 45821, Section 39, Bandar Petaling Jaya, District of Petaling, State of Selangor, and bearing the postal address of Tropicana City Mall and Tropicana City Office Tower, Jalan SS20/27, 47400 Petaling Jaya respectively.

(The Mall Building and the Office Tower shall collectively be defined as, the “Property”.)

Further details of the Proposed Acquisition are set out in the attachment.

This announcement is dated 26 January 2015.