From left: KDA Capital Malaysia director Naoto Kojima, Alpha Express Sdn Bhd director Lee Kiam Hoong, AmanahRaya Bhd group managing director Ahmad Feizal Sulaiman Khan, Pacific Trustee Bhd director Edward Cheah Ken Sze, AmanahRaya Kendix REIT Manager managing director Mohd Iskandar Dzulkarnain Ramli and AmanahRaya Kendix REIT Manager non-independent non-executive chairman Datuk Mohd Radzif Mohd Yunus.
KUALA LUMPUR: AmanahRaya Real Estate Investment Trust (ARREIT) has acquired a single-storey detached factory in Teluk Panglima Garang, Selangor, from Alpha Express Sdn Bhd for RM39mil.
The manager of ARREIT, AmanahRaya Kenedix REIT Manager Sdn Bhd (AKRM), said ARREIT had entered into two agreements under a sale and leaseback arrangement with Alpha Express for a duration of 10 years.
AKRM managing director Mohd Iskandar Dzulkarnain said the acquisition aligns with ARREIT’s strategy to strengthen its industrial asset portfolio with income-generating properties secured under long-term leases.
"The asset acquisition benefits ARREIT by expanding its existing portfolio, which previously included only one asset in this particular industry. This second asset strengthens our position in the sector and allows us to further grow our industrial asset sub-portfolio.
"In general, this collaboration supports industry players who meet our criteria to expand their businesses, while also allowing them to offload assets they consider to have potential to ARREIT, which in turn has a positive impact on the economy," he told Bernama at the ARREIT Connect 2025 signing ceremony and stakeholders showcase held here today.
In addition to the signing ceremony, ARREIT Connect 2025 served as a platform to strengthen strategic partnerships, bringing together key stakeholders including Amanah Raya Bhd, HELP University, Alfa University College, Knight Frank, Anytime Fitness and IMT Tech.
Meanwhile, Iskandar noted that the total assets under AKRM's management now stand at RM1.3 billion.
"We will return to the company's core focus, which is on asset industries involving the healthcare and wellness sectors, as well as educational assets. This remains ARREIT’s main focus in efforts to expand its existing asset portfolio.
"This growth will not stop here - it is expected to continue steadily over the next three years," he said.
Additionally, ARREIT also announced the successful conclusion of its annual general meeting (AGM), where all resolutions were passed with unanimous shareholder approval.
"The AGM reaffirmed continued investor confidence in ARREIT’s direction and governance, particularly as we embark on a more dynamic portfolio management strategy focused on triple net lease structures, environmental, social, and governance-aligned investments and market diversification,” ARREIT said. - Bernama
