Home Bursa market AmanahRaya Reit acquires industrial property in Teluk Panglima Garang

AmanahRaya Reit acquires industrial property in Teluk Panglima Garang

459
0

Shareholders Reaffirm Support at 2025 AGM Amid New Strategic Collaborations

Kuala Lumpur, 29 May 2025 – AmanahRaya Real Estate Investment Trust (AmanahRaya REIT or the Trust) today marked a milestone in its growth trajectory through strategic asset expansion and collaborative engagement at ARREIT Connect 2025, a private stakeholder event organised by AmanahRaya Kenedix REIT Manager Sdn. Bhd. (AKRM), the Manager of AmanahRaya REIT.

At a signing ceremony held in conjunction with ARREIT Connect 2025, the Trust formalised the acquisition of a single storey detached factory in Telok Panglima Garang, Selangor, under a sale and leaseback arrangement with Alpha Express Sdn. Bhd. (Alpha Express). The facility, located at Mukim Telok Panglima Garang, District of Kuala Langat, will continue to be tenanted by Alpha Express under a long-term master lease. This acquisition is aligned with AmanahRaya REIT’s strategy to strengthen its industrial asset base with income-generating properties secured under long-term tenancies.

In addition to the signing ceremony, ARREIT Connect 2025 served as a platform to strengthen strategic partnerships, bringing together key stakeholders including Amanah Raya Berhad, HELP University, Alfa University College, Knight Frank, Anytime Fitness and IMT Tech. The event featured curated exhibitions and networking opportunities, underscoring the Trust’s dedication to value creation through collaborative engagement and portfolio innovation.

Mohd Iskandar Dzulkarnain, Managing Director of AKRM said, “Today’s signings and our stakeholder engagement efforts exemplify AmanahRaya REIT’s commitment to proactive asset enhancement and relationship building. We thank our shareholders for their unwavering trust and remain focused on securing stable long-term income streams through innovative lease structures and prudent capital deployment.”

Additionally, the REIT 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 AmanahRaya REIT’s direction and governance, particularly as the Trust embarks on a more dynamic portfolio management strategy focused on triple net lease structures, ESG-aligned investments and market diversification.

With a growing asset portfolio, strategic commercial collaborations and robust shareholder support, AmanahRaya REIT continues to position itself as a resilient and future-ready REIT in the Malaysian market.

LEAVE A REPLY

Please enter your comment!
Please enter your name here