Malaysia Property News is a free resource website sharing Daily Property News & information about Property in Malaysia, which related to, Property Market, Property Investment, Commercial Property , Hot Properties Malaysia, Real Estate, Retail Shop, Business Park, Condominium Malaysia, Terraces & Apartment Malaysia, Houses, Residence, Resort and many more.

Thursday, September 23, 2010

Al-Aqar to buy Aussie properties for RM135m

KUALA LUMPUR: Al-Aqar KPJ Reit will acquire properties from Jeta Gardens Waterford Trust in Australia for RM134.91mil as part of plans to diversify its income sources and tenant base.

The acquisition would be satisfied with RM67.45mil in cash and the rest via the issuance of new units in Al-Aqar, said the real estate investment trust company in a filing with Bursa Malaysia yesterday.

The properties consist of an integrated gated premium residential estate for older people including an aged care complex with care facilities, 23 units of independent living villas and 32 units of independent living apartments as well as portions of undeveloped land.

By Bernama

No comments: