Thursday, September 2, 2010

PKNS injects 3 properties, valued at RM270m, into AmanahRaya REIT

KUALA LUMPUR: Perbadanan Kemajuan Negeri Selangor (PKNS) is venturing into the real estate investment trust (REIT) industry, with the injection of three PROPERTIES [] into AmanahRaya REIT.

PKNS had on Thursday, Sept 2, injected the three properties valued a total of RM270 million in the REIT.

PKNS will receive RM162 million cash and a stake in AmanahRaya REIT.


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