AME Elite firms up REIT listing


AME-REIT is set to be an Islamic industrial REIT with an initial portfolio of 31 industrial properties with ongoing leases and/or tenancies to various local and foreign companies, as well as three workers dormitories that mainly cater to the workers of AME Elite’s industrial parks tenants, the company said in a statement yesterday said.(File pic shows AME i-Park Senai Airport City)

KUALA LUMPUR: AME Elite Consortium Bhd’s (AME Elite) listing of industrial property assets under a real estate investment trust (AME-REIT) will entail an offer of 254.8 million units or 49% of the total 520 million units in AME-REIT.

AME-REIT is set to be an Islamic industrial REIT with an initial portfolio of 31 industrial properties with ongoing leases and/or tenancies to various local and foreign companies, as well as three workers dormitories that mainly cater to the workers of AME Elite’s industrial parks tenants, the company said in a statement yesterday said.

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