Amanah Raya to double REIT size over 5 years


Deal sealed: Adenan (second from left) exchanging documents with Akihiro. With them are (from left) Kenedix Inc Japan director Taiji Yoshikawa, Japanese Ambassador Dr Makio Miyagawa, Johari, Amanah Raya chairman Tan Sri Sabbaruddin Chik and Kenedix Inc Japan group CEO Taisuke Miyajima.

KUALA LUMPUR: Trust company Amanah Raya Bhd plans to grow its real estate investment trust (REIT) over the next five years by doubling the fund size and acquiring better assets to improve the returns to the Reit shareholders.

To date, Amanah Raya REIT (ARREIT) has a combined property value of RM1bil.

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