KUALA LUMPUR: Amanah Raya Real Estate Investment Trust (ARREIT), Malaysia’s fourth largest real estate investment trust (REIT), expects its assets to grow to RM1.8bil next year with its planned acquisition of more assets.
Amanah Raya Bhd (ARB) group managing director Datuk Ahmad Rodzi Pawanteh said ARREIT, which currently has an asset portfolio of RM1bil, would see its asset value expand to RM1.3bil with the injection of three properties owned by the Selangor State Development Corp (PKNS).
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