AmanahRaya-Kenedix REIT Manager Sdn. Bhd Extraordinary General Meeting
Kuala Lumpur (12 December 2017, Tuesday) – The Board of Directors of AmanahRaya- Kenedix REIT Manager Sdn. Bhd. (“AKRM”), the management company of AmanahRaya Real Estate Investment Trust (“AmanahRaya REIT”), today held the Extraordinary General Meeting (“EGM”) of AmanahRaya Real Estate Investment Trust (“AmanahRaya REIT”) to obtain approval of AmanahRaya-REIT’s unit holders for the following resolution:
1. Proposed acquisition by CIMB Islamic Trustee Berhad for and on behalf of
AmanahRaya-Kenedix REIT of Vista Tower, The Intermark, a sixty three (63) storey office tower with two (2) concourse levels and three (3) basement levels bearing the postal address of No. 348 Jalan Tun Razak, 50400 Kuala Lumpur held under strata title Geran 75638/M1/B5/3, Lot 20000 Seksyen 43, Bandar Kuala Lumpur Wilayah Persekutuan Kuala Lumpur together with 280 accessory parcels for a total purchase consideration of RM455 million to be entirely satisfied in cash (“Purchase Consideration”) (“Proposed Acquisition”).
Pursuant to the Extraordinary General Meeting (“EGM”) held at Sheraton Imperial Hotel, Kuala Lumpur today, CIMB Islamic Trustee Berhad, (“Trustee”), as trustee of AmanahRaya-Kenedix REIT hereby obtained approval from the unitholders to acquire Vista Tower, The Intermark Kuala Lumpur for a total purchase consideration of RM455 million in accordance with the terms and conditions of the sale and purchase agreement signed between the Trustee and the Vendor.
The Proposed Acquisition entails the acquisition of a 63-storey office tower with 2 concourse levels and 3 basement levels identified as Vista Tower, The Intermark, No. 348, Jalan Tun Razak, 50400 Kuala Lumpur. Vista Tower is strategically located at an established prime office area within the vicinity of Kuala Lumpur City Centre. It is also easily accessible via the main roads of Jalan Tun Razak and Jalan Ampang, and is conveniently located adjacent to the Ampang Park LRT station and a soon to be built MRT station. In addition, Vista Tower is Grade-A and a MSC compliant office building that is equipped with advanced features including computerised building automation system, advanced security system and comprehensive fire protection system.
AmanahRaya-Kenedix REIT Manager Sdn. Bhd Extraordinary General Meeting.
Vista Tower would be AmanahRaya-REIT’s 16th property acquisition which will elevate its portfolio value to RM1.55 billion.