Atrium REIT acquires Shah Alam land for RM41mil

PETALING JAYA: Atrium Real Estate Investment Trust (Atrium REIT) is proposing to acquire leasehold land measuring 24,295 sq metres in Shah Alam, Selangor from Amazing Blitz Sdn Bhd for RM41mil.

In a filing with Bursa Malaysia, Atrium REIT said the land is located directly beside its existing property, Atrium Shah Alam 4, which is tenanted to an established multinational logistics company.

Atrium REIT said as the land strategically located within a prime and mature industrial estate that it is familiar with, the company believes the proposed acquisition will both complement and enhance the property portfolio of Atrium REIT.