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

September 02, 2010 | Updated 8 years ago

Last Updated: May 11, 2015

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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