The Manager's principal investment strategy is to invest, on a long-term basis, in a portfolio of income-producing real estate located primarily in Malaysia which is primarily used for retail purposes or such other non-real estate investments as may be permitted under the Trust Deed, the REITs Guidelines or by the Securities Commission of Malaysia. CMMT owns a portfolio of interests in four major shopping malls located in Kuala Lumpur, Selangor, Penang and Kuantan.
The Manager intends to acquire and own shopping malls for long-term investment purposes and will place strong emphasis on capital improvement, regular maintenance and periodic renovation to enhance the capital value, attractiveness and marketability of the shopping malls.
The Manager's key financial objective is to provide Unitholders with long-term and sustainable distribution of income and potential capital growth.
Specifically, the Manager intends to seek to increase the cash flow, income and, consequently, the value of the Subject Properties, and to seek continued growth through the following:
- enhancing value through its proactive asset management and asset enhancement strategies;
- actively pursuing acquisition opportunities, including opportunities provided by CMA;
- leveraging on CMA's extensive network of strategic and local partners, including its tenant network across 97 retail properties in 51 cities in five countries, as well as its local industry knowledge through its experienced staff in Malaysia; and
- optimising its capital management strategy.
