AME Elite To Establish And List AME REIT On Bursa Malaysia (New Straits Times)
December 2, 2020 – AME Elite Consortium Bhd has proposed to establish and list an industrial real estate investment trust (AME REIT) on the Main Market of Bursa Malaysia Securities Bhd.
The leading integrated industrial space solutions provider said the investment portfolio of AME REIT would comprise assets to be identified from existing industrial leasing properties owned by subsidiaries of AME.
“AME recently announced that it is expanding its i-Stay@Indahpura workers’ dormitories by building two new dormitory blocks via capital expenditure of RM25 million, to cater to the increasing requirements of its i-Park clients.
“The new dormitory blocks are expected to be completed in 2021,” it said.
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Malaysia’s KIP REIT To Add Industrial And Commercial Properties To Its Assets Portfolio (New Straits Times)