PETALING JAYA: Integrated industrial space solutions provider AME Elite Consortium Bhd, via wholly owned subsidiaries Pentagon Land Sdn Bhd and Greenhill SILC Sdn Bhd, entered into five sale and purchase agreements with Mtrustee Bhd, the trustee of CapitaLand Malaysia Trust (CLMT), for the sale of industrial properties in the Johor-Singapore Special Economic Zone (JS-SEZ) for a total cash consideration of RM220.8 million.
The deal involves CLMT acquiring five industrial properties within AME Elite’s 170-acre i-TechValley in Iskandar Puteri, Johor. The assets consist of five single-storey detached factories with two-storey offices occupying about 17 acres of land, with a total built-up area of around 524,077 square feet.
AME Elite will deliver the industrial properties in a move-in-ready condition in stages between 2027 and 2028.
i-TechValley is a holistically managed industrial park that combines world-class infrastructure with a sustainable, green working environment. Strategically located 20 minutes from the Singapore-Malaysia Second Link (Tuas Checkpoint), it offers seamless connectivity to major highways and ports. The park is a premier destination for global companies and a future-ready hub for high-value industrial operations within the JS-SEZ.
AME Elite Consortium executive director and group CEO Dylan Tan Teck Eng said: “The execution of these SPAs with a major institutional player like CapitaLand Malaysia Trust highlights the strong market demand for our high-specification facilities and the institutional- grade nature of our industrial parks.
“This RM220.8 million transaction is a significant milestone that enables us to surpass our sales target of RM400 million for the financial year ending 31 March 2026 ahead of schedule. Our strategic proximity to Singapore and the ongoing momentum of the JS-SEZ initiative continue to position AME Elite as the partner of choice for world-class industrial solutions.”
AME Elite’s ongoing developments include i-Park @ Senai Airport City and i-TechValley in Johor, and Northern TechValley @ BKE in Penang.
The group is also expanding its footprint in the central region through a joint venture with KLK Land to develop a 151.2-acre industrial park in Selangor.
The sale is expected to contribute positively to AME Elite’s earnings in the financial year ending March 31, 2027 and onwards.
