AME Real Estate Investment Trust Proposes Acquisitions of Industrial Properties

AME Real Estate Investment Trust ("AME REIT") has announced proposals to acquire three industrial properties from the subsidiaries of AME Elite Consortium Berhad ("AME Elite") for a total cash consideration of RM100,800,000. The proposed acquisitions are a follow-up to previous announcements made on March 24, 2025, and July 24, 2025, and a circular to unitholders dated July 3, 2025, in relation to the Proposed Acquisitions. The Board of AME REIT has approved the proposed transactions, and the payment of the balance purchase consideration for one of the properties, i-TechValley 35 to Greenhill SILC, has been completed on July 25, 2025.

Key Takeaways:

• The proposed acquisitions involve the purchase of three industrial properties from AME Elite's subsidiaries for a total cash consideration of RM100,800,000.
• The proposed acquisitions are a follow-up to previous announcements made on March 24, 2025, and July 24, 2025, and a circular to unitholders dated July 3, 2025, in relation to the Proposed Acquisitions.
• The Board of AME REIT has approved the proposed transactions, and the payment of the balance purchase consideration for one of the properties, i-TechValley 35 to Greenhill SILC, has been completed on July 25, 2025.
• The proposed acquisitions are subject to the terms and conditions as defined in the circular to unitholders.
• The announcements are made in accordance with the Listing Requirements of Bursa Malaysia Securities Berhad.
• HLIB is the principal adviser to AME REIT in relation to the Proposed Acquisitions.

Statistics:

• Total cash consideration: RM100,800,000
• Number of industrial properties being acquired: 3
• Balance purchase consideration: RM27,675,000
• Date of completion of payment for one of the properties: July 25, 2025

Sources:

• AME Real Estate Investment Trust (2025, July 25). TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS. Retrieved from