KUALA LUMPUR: CapitaMalls Malaysia Trust (CMMT) has awarded a contract worth RM7mil to CapitaLand Retail Malaysia Sdn Bhd (CRMSB)to undertake the asset enhancement initiative works to Gurney Plaza, Penang.
In a filing with Bursa Malaysia, CMMT said CRMSB will be the project manager for the asset enhancement initiative works, which is to create additional retail space and enhance Gurney Plaza's retail offering.
The asset enhancement initiative works would include reconfiguration of space to improve the trade mix and sightlines, the company added.
The company also said that the asset enhancement initiative works would commence in the middle of next month.
The asset enhancement initiative works are slated for completion by the first quarter of next year.
CRMSB is a related party of CapitaMalls Malaysia REIT Management Sdn Bhd, the manager of CMMT. - Bernama
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