AME Real Estate Investment Trust (AME Reit) has agreed to acquire three parcels of vacant freehold industrial land in Johor for RM50.2 million, marking the fund's first acquisition from a third-party seller.
The assets, located at i-Park @ Senai Airport City, cover a combined area of 3.59 hectares and represent a strategic entry into the logistics and industrial sector outside of the REIT's traditional developer-linked pipeline.
The transaction underscores a broader trend of Malaysian property funds diversifying their sourcing strategies.
While many REITs have historically relied on assets transferred from parent developers, AME Reit's move into the open market suggests a maturing approach to portfolio growth.
The location near Senai Airport is particularly significant, given the increasing demand for logistics and warehousing facilities in Johor, which has emerged as a key industrial hub due to its proximity to Singapore and ongoing infrastructure developments.
This deal arrives amid heightened activity in the Johor property market.