Unitholders of CapitaLand Malaysia Mall Trust (CMMT) have voted in favor of the real estate investment trust's proposal to expand its asset classes to include business parks, logistics facilities, warehouses, distribution centers, data centers and integrated developments.
Low Peck Chen, CEO of CMRM, said, “We are humbled by the confidence and trust that unitholders have placed with us since CMMT’s listing in July 2010. The accorded flexibility will enable us to invest in a comprehensive range of income-producing assets, to diversify CMMT’s revenue stream and to build a sector-diversified portfolio. A geographically and sector-diversified portfolio will benefit CMMT in the long term as it enhances the resiliency of its portfolio and is less susceptible to unprecedented adverse events and unforeseeable external-led events and factors. We will continue to strengthen the performance of the existing portfolio whilst pursuing inorganic growth via acquisitions of properties in
