UOA REIT to sell unit in Wisma UOA II

KUALA LUMPUR: In line with its objective of maximising total returns to unitholders, UOA Asset Management Sdn Bhd — the manager of UOA Real Estate Investment Trust (REIT) — is selling an office suite in Wisma UOA II in Jalan Pinang for RM681,840.

The manager entered into a sales and purchase agreement with buyers Chong Lee Ching and Chin Wui Leong on Dec 20, it said on the same day.

The freehold unit, measuring 947 sq ft has an appraised value of RM600,000, or RM634 psf as at July 19, 2010. Barring any unforeseen circumstances, the sale is expected to be concluded by the first quarter of 2011.
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