KUALA LUMPUR: AmFirst Property Trust (AMFPT) is proposing to acquire the 22-storey Menara Merais in Petaling Jaya, together with the freehold land on which it sits, for RM57mil cash.
AMFPT's management company, AmProperty Trust Management Bhd (AmPTMB) told Bursa Malaysia the acquisition would help to deliver regular and stable distributions and help it achieve long-term net asset value growth so as to provide unitholders with a competitive rate of return.
