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

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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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