OSK Trustees Bhd plans to inject UOA Pantai into the UOA Real Estate Investment Trust (REIT) at a cost of RM86 million. UOA Pantai, located in JALan Pantai Jaya in Kuala Lumpur, is a five storey office building with two mezzanine floors, on 0.36 hectare freehold land. OSK Trustees will buy the property from Magna Tiara Development Sdn Bhd , a subsidiary of UOA Holdings Sdn Bhd.
(17-1-2008 New Straits Times)
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