KUALA LUMPUR: Trust company Amanah Raya Bhd plans to grow its real estate investment trust (REIT) over the next five years by doubling the fund size and acquiring better assets to improve the returns to the Reit shareholders.
To date, Amanah Raya REIT (ARREIT) has a combined property value of RM1bil.
In the next three to five years, this value will be doubled to RM2bil.
Amanah Raya group managing director Adenan Md Yusof said these goals would be achieved by leveraging on the new strategic alliance with Japan’s largest independent real estate asset-management company Kenedix Inc.
To read the full article on this topic, please visit Amanah Raya to double REIT size over 5 years
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