NEWS
AmanahRaya REIT completes RM145m sale of Holiday Villa Beach Resort Langkawi to Plenitude
04 JAN 2024
* Transaction results in RM45 million in gain on disposal
* Gearing improves to 43.5%
AmanahRaya Real Estate Investment Trust (ARREIT, Bloomberg: AARET MK), via its trustee company Pacific Trustees Berhad, today completed the transaction of disposing Holiday Villa Beach Resort & Spa Langkawi for RM145.0 million.
The transaction will see ARREIT recognising a gain on disposal amounting to RM45.0 million. The gain will be reflected in the financial statements ending 31 December 2024 (FY2024).
Source: The Edge Malaysia
