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16 Deceember 2024

Our Partner, Leong May Ling, together with  Senior Associate, Connie Ho Suk Mun and Associate, Sia Ju Ling from the Corporate Real Estate Practice Group have advised and acted for PTT Synergy Group Berhad (“PTT Group”) in the sale and lease-back of two (2) parcels of land together with a single-storey automated logistics warehouse to be constructed thereon, located within an established and reputable industrial business park in Selangor to CapitaLand Malaysia Trust for the sale consideration of RM180 million. Upon completion of disposal of the land, a subsidiary company of PTT Group will take a lease of the land and automated logistics warehouse.


The automated logistics warehouse will feature a modern and state-of-the-art automated storage and retrieval system (“ASRS”) that employs cranes and robotics to efficiently automate the placement and retrieval of goods. The ASRS systems integrates advanced automation which is expected to enhance operational efficiency, maximise space utilisation and reduce reliance on manual labour, which aligns with the growing demand for efficiency and accuracy in the logistics and industrial sectors.

PTT Group, a leading construction company in Malaysia specialising in earthworks and infrastructure works, are now venturing towards automated warehousing, industrial and residential development. The proposed disposal and lease-back arrangement will enable PTT Group to unlock the value of its investment in the land and logistics warehouse.

Our Partner, Chin Lit Fwu, and Associate, Tyler Chan Xin Han, from the Corporate/ Mergers & Acquisitions and Capital Markets Practice Group, have also assisted and provided their expertise in overseeing the announcement and circular for PTT Group in this sale and lease-back transaction.

We are delighted to have had the opportunity to work with and assist PTT Group in structuring and curating tailored solutions for this sale and lease-back transaction.

The Bursa announcement can be accessed HERE.


This deal update was also reported in:-
The Star, HERE;
NST, HERE;
The Edge Malaysia, HERE; and
The Edge Singapore, HERE.


For more insight into this area of law, please contact our Partners in the;
Corporate Real Estate Practice Group:
Leong May Ling


Corporate/Mergers & Acquisitions practice group:
Jerry Ong Kok Wah
Cathryn F L Chay
David Lee Lai Huat

Chin Lit Fwu


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