PropertyMay 4, 2026, 02:14 PM
Trio-Tech Malaysia Leases 104,000 Sq Ft Space for $115K/Month
AI Summary
Trio-Tech International, through its subsidiary Trio-Tech (Malaysia) SDN BHD, entered into a lease agreement with Skygate Technology (M) SDN. BHD. for approximately 104,000 square feet of space in Perai, Pulau Pinang. The lease commences June 1, 2026, for a two-year term with an option for an additional year. The monthly base rent is approximately $115,000, and a security deposit of approximately $539,000 is required.
Key Highlights
- Trio-Tech Malaysia leased approximately 104,000 square feet of space.
- The lease term is from June 1, 2026, to May 30, 2028.
- The company has an option to extend the lease for one additional one-year term.
- The initial monthly base rent is approximately $115,000.
- A security deposit of approximately $539,000 is required.
- The company will also pay the Malaysian Sales and Service Tax.