Amanahraya Real Estate Investment Trust to acquire 4-storey office for RM32 million

Amanahraya Real Estate Investment Trust to acquire 4-storey office for RM32 million

KUALA LUMPUR, March 25 — Amanahraya Real Estate Investment Trust is acquiring a four storey office-cum-warehouse in Hicom Glenmarie Shah Alam for RM32 million from Vila Armada Sdn Bhd.

The acquisition, to be settled in cash, is in line with the key investment objective of providing sustainable returns to the unit holders, it said in a filing to Bursa Malaysia.

The deal is expected to have a positive effect on the earnings of Amanahraya for the financial year ending Dec 31, 2016, it added.

— BERNAMA

Share