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Kenedix to buy 15% of M'sian Reit for 86m ringgit

Published Mon, Dec 19, 2016 · 09:50 PM

Kuala Lumpur

JAPANESE real estate asset manager Kenedix Inc will buy 15 per cent of Malaysian real estate investment trust AmanahRaya Reit for 86 million ringgit (S$28 million), the companies said on Monday.

Kenedix will also buy 49 per cent of AmanahRaya Reit's parent for 5.1 million ringgit, they said in a joint statement. AmanahRaya Reit said it expects the deals to spur growth in its portfolio through acquisitions or asset enhancement.

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Property

Property

Kenedix to buy 15% of M'sian Reit for 86m ringgit

Property

Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%

Singapore office rents in central region fall 1.7 per cent in Q1 after rising for 9 quarters

Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up

Country Garden plans to present debt revamp plan in H2, sources say

Hong Kong home prices rise for first time in 11 months after curbs scrapped

HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand

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