AmanahRaya REIT announced that it has completed the acquisition of a private education asset in Glenmarie, Shah Alam, Selangor for RM31.4 million. The acquisition was conducted through AmanahRaya REIT's Trustee, Pacific Trustees Berhad (PTB), pushing its portfolio into the high-potential education sector at a prime location and income-generating assets.
To recap, this newly acquired freehold property is currently leased to Tinta Pendidikan Sdn. Bhd. (PSB), a reputable education provider offering preschool, primary and secondary education. Under a 15-year triple net lease agreement, TPSB's tenancy will ensure a stable and attractive income stream for the REIT, supported by an entry triple net yield of 6.20% with built-in, double-digit rental revisions every three years. This acquisition it said aligns with the strategic goal of securing resilient, recurring income sources while enhancing asset quality.
