KUALA LUMPUR, Jan 27 — CapitaLand Malaysia REIT Management Sdn Bhd intends to lessen its reliance on retail segment by diversifying into industrial real estate, logistics and data centres over the next year.
“Retail accounted for nearly all of our revenue, so we hope to see more industrial assets in our portfolio and our preference is definitely to lower the percentage of our retail that’s something that we hope to see...,” he said during a virtual media briefing in conjunction with its fourth quarter financial results for the financial year 2021.
“Specifically we’re looking at the Klang Valley but we don’t rule out the possibility of locations like Penang and also Johor, which locations are stronger in terms of being nearer to the ports and able to be a distribution centre for regional distribution centres.
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