AME REIT plans to acquire industrial properties in Johor for RM69.3mil

KUALA LUMPUR: I REIT Managers Sdn Bhd, the management company of Islamic REIT AME Real Estate Investment Trust (AME REIT), has proposed maiden post-listing acquisitions of three industrial properties in Iskandar Malaysia, Johor for RM69.3 million.

The move would boost AME REIT’s proforma total asset value by 12.8 per cent to about RM644.1 million, the management company said in a statement today.