PETALING JAYA: AME Real Estate Investment Trust
(AME-REIT) has proposed its maiden acquisitions of three industrial properties in Iskandar Malaysia for RM69.3mil from AME Elite Consortium Bhd.
AME-REIT’s proforma total asset value is expected to be raised by 12.8% to about RM644.1mil with the cash purchase, the Islamic REIT manager, I-REIT Managers Sdn Bhd said in an exchange filing.
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