ARReit expects to grow assets to RM1.8bil next year


KUALA LUMPUR: Malaysia's fourth largest Real Estate Investment Trust (REIT), Amanah Raya Real Estate Investment Trust (ARREIT), expects its assets to grow 40% to RM1.8bil next year from RM1bil currently.

Amanah Raya Bhd(ARB)group managing director Datuk Ahamd Rodzi Pawanteh said this year it would increase the total asset value to RM1.3bil, with the injection of three properties owned by the Selangor State Development Corporation (PKNS).

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