KUALA LUMPUR (Jan 27): CapitaLand Malaysia REIT Management Sdn Bhd intends to lessen its reliance on the retail segment by diversifying into industrial real estate, logistics and data centres over the next year. Tan revealed that CapitaLand would then continue to focus on the Klang Valley in order to solidify its position before moving on to secondary cities such as Penang and Johor Bahru. “Once we have more concrete information, we definitely can be a bit more concrete and we will share it,” he added. Meanwhile, CapitaLand Malaysia Trust’s net loss narrowed to RM30.93 million in the financial year ended Dec 31, 2021 from RM84.50 million a year ago. Revenue fell 14.3% to RM224.11 million from RM261.34 million previously, mainly due to lower gross rental income, lower car park income, lower recovery of utilities and lower marketing communications income.
