KWB to dispose of 69.6m units of ARREIT to PKNS for RM66.12m

KUALA LUMPUR: Kumpulan Wang Bersama (KWB), a fund under the trusteeship of Amanah Raya Bhd, has proposed to dispose of 69.6 million units in Amanahraya Real Estate Investment Trust (ARREIT) to Perbadanan Kemajuan Negeri Selangor (PKNS) for a total consideration of RM66.12 million or 95 sen per unit, ARREIT announced on Bursa Malaysia on Thursday, Sept 2.

The sale and purchase of the units will take effect after the acquisition of Menara PKNS, Kompleks PKNS and SACC Mall have been completed, it said.

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.