PETALING JAYA: AmanahRaya REIT is aiming to increase the rental income yield of some properties by up to 50 basis points to 9% by expanding their lettable areas, its manager AmanahRaya-JMF Asset Management Sdn Bhd said. He said AmanahRaya-JMF had structured agreements with the property owners in a way that enabled the REIT assets to generate yields of 8.5% against the market average of 7.5%. According to its website, AmanahRaya-JMF manages eight assets — Wisma Amanah Raya Bhd, Wisma Amanah Raya, Wisma UEP, Holiday Villa Langkawi, Holiday Villa Alor Star, Permanis factory, SEGI Collage, and Black A&B South City Plaza.
(21-1-2008 The Edge)
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