KUALA LUMPUR: Atrium Real Estate Investment Trust’s (REIT) trustee, Pacific Trustees Bhd, has accepted an offer to acquire a piece of industrial land measuring 1.62 hectares in Shah Alam, Selangor for RM45 million.
In a filing with Bursa Malaysia today, Atrium REIT said the letter of offer from Permodalan Nasional Bhd was for a leasehold land along with a single-storey factory building and ancillary area.
The acquisition is expected to be funded through a combination of internal generated funds, bank borrowings and proceeds to be raised from a fund raising exercise to be undertaken by Atrium REIT.
“The acquisition is in line with Atrium REIT’s investment objectives and growth strategy to provide unit holders with stable income distribution and to achieve long-term growth in its net asset value per unit,” it said.