AME REIT to buy three freehold industrial plots

JOHOR, 24 JULY 2026 —

AME Real Estate Investment Trust is purchasing three pieces of vacant freehold industrial land in i-Park @ Senai Airport City, Johor for RM50.2 million, according to a statement by RHB Trustees Bhd on behalf of AME REIT.

Since listing on Sept 20, 2022, the REIT has completed RM289.5 million in sponsor-linked asset purchases, as reported by AME REIT.

The freehold location positions the REIT to capitalise on rising demand for premier industrial space driven by investments in the Johor-Singapore Special Economic Zone, said AME REIT.

The transaction expands the REIT’s presence in i-Park @ Senai Airport City, where properties already account for 48.6% of its portfolio by value, following the trust crossing the RM1 billion asset mark, according to AME REIT.

Under a new build-to-lease initiative, the REIT plans to develop three detached industrial facilities on the newly acquired land into flexible spaces, said chief executive officer and executive director of I REIT Managers Sdn Bhd Chan Wai Leo in a statement.

The acquisition represents a 5.2% discount on the market value appraised by an independent valuer, noted Chan.

The acquisition and subsequent facility build-out will be funded through a mix of Islamic financing facilities and internally generated funds, said AME REIT.

The transaction is expected to be completed by the fourth quarter of 2026, according to AME REIT.

AME REIT’s current portfolio comprises 41 industrial and industrial-related assets across Iskandar Malaysia, as reported by the company.

Related: RHB · Johor