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.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Renewed bets on Fed cuts boost KLCI to 1,600
Wall Street closes higher for third session on rate cut optimism
Trading ideas: Ho Hup, Favelle, KKB, Nice, Sunzen Biotech, Sin-Kung, Ireka, Malaysian Genomics, RHB, Seng Fong
RBA to maintain key rate to restrain price pressures
The Global South and the need for economic growth
Optus names Stephen Rue as new chief executive
ADB gets highest net income allocation in history
Century-old association continues moving with the times
F&N to focus on growth through sales volume
Shell in talks to sell Malaysian petrol stations

Others Also Read