Atrium REIT acquires Shah Alam property for RM41 mil cash in related-party deal
The REIT said the purchase consideration represents a marginal discount of RM500,000 or 1.
The REIT said the purchase consideration represents a marginal discount of RM500,000 or 1.
Going forward, Atrium said the management remains cautious due to the uncertainties surrounding the economic recovery as a result of the global economic slowdown, inflationary pressures and geopolitical risks.
KUALA LUMPUR (July 12): Atrium Real Estate Investment Trust (REIT) has proposed to raise up to RM85.
KUALA LUMPUR (Feb 7): Atrium Real Estate Investment Trust (Atrium REIT) net rental income in the fourth quarter ended Dec 31, 2019 (4QFY19) jumped 69.
KUALA LUMPUR (Dec 28): Atrium Real Estate Investment Trust (Atrium REIT) has acquired a factory building in Shah Alam from Permodalan Nasional Bhd (PNB) for RM45 million cash.
KUALA LUMPUR (Sept 19): Atrium Real Estate Investment Trust plans to raise up to RM999 million by establishing a medium-term note (MTN) programme to part-finance the purchase of properties in Penang.
KUALA LUMPUR (July 3): Atrium REIT Managers Sdn Bhd, which is the manager of Atrium Real Estate Investment Trust (Atrium REIT), is looking to buy a parcel of land in Shah Alam from Permodalan Nasional Bhd (PNB) for RM45 million cash.
KUALA LUMPUR (June 3): Industrial asset-focused trust Atrium Real Estate Investment Trust (REIT) is aiming to undertake land acquisitions and asset enhancement initiatives to drive total asset value growth towards a targeted RM1 billion in two years’ time.
KUALA LUMPUR (April 9): Hong Leong Assurance Bhd has emerged as a substantial unitholder of Atrium Real Estate Investment Trust (REIT).
KUALA LUMPUR (Feb 13): Atrium Real Estate Investment Trust (REIT) has entered into a put and call option agreement in relation to an RM180 million land deal announced last November.