AME REIT acquires third industrial property in Iskandar Malaysia for RM26.5mil

I REIT Managers Sdn Bhd chief executive officer and executive director Chan Wai Leo

KUALA LUMPUR: AME Real Estate Investment Trust (AME REIT) has completed the acquisition of the third industrial property of Plot 16 at i-Park @ Indahpura (Plot 16 Indahpura) in Iskandar Malaysia from its sponsor, AME Elite Consortium Bhd for RM26.5mil.

“The completion of Plot 16 Indahpura’s acquisition today was ahead of the earlier estimated timeline of the first quarter of 2024, following the construction completion by the sponsor, the issuance of the Certificate of Completion and Compliance (CCC) by regulatory authorities, and the rental commencement of the lease,” the industrial REIT said in a statement.