Amanah REIT to buy 2 assets for RM50mil next year


KUALA LUMPUR: AmanahRaya Real Estate Investment Trust (AmanahRaya REIT) is looking to acquire two assets in the southern part of Peninsular Malaysia for a total of RM50mil next year.

Noorbaizura Hermeyney, Acting Principal Officer of the REIT's manager  AmanahRaya REIT Managers Sdn Bhd, said the two industrial assets have good yield of 6.5% and would generate RM3.7mil income annually for the REIT.

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