AmanahRaya REIT acquires private education asset in Glenmarie, Shah Alam for RM31.4mil

From left: Pacific Trustees Bhd director George Cheah, AmanahRaya-Kenedix REIT Manager Sdn Bhd managing director Tunku Rozita Tunku Abdul Malek, AmanahRaya-Kenedix REIT non-independent, non-executive director Shahlan Md Shukor, Amanah Raya Bhd group managing director Ahmad Feizal Sulaiman Khan, Stuttgart Holdings Sdn Bhd director Lim Chun Pang and Stuttgart director Lim Seng Hock.

KUALA LUMPUR: AmanahRaya Real Estate Investment Trust (AmanahRaya REIT) has acquired a private education asset for RM31.4mil in Glenmarie, Shah Alam, Selangor.

In a statement, AmanahRaya REIT said the acquisition, made through its trustee, Pacific Trustees BHd, is a strategic move to enhance its portfolio to be a leading educational REIT with high-quality income-generating assets.