PETALING JAYA: AmanahRaya Real Estate Investment Trust’s (REIT) management company, AmanahRaya-REIT Managers Sdn Bhd, has proposed to buy two leasehold buildings for RM227mil.

In an announcement to Bursa Malaysia on behalf of thUe management company, ECM Libra Investment Bank Bhd said the acquisitions and related expenses would be part-funded via a proposed placement to raise RM119mil.

“The actual number of placement units to be issued pursuant to the proposed placement will be determined based on the final issue price of the placement units, which shall be determined later,” the investment bank said adding that AmanahRaya-REIT Managers proposed to acquire the six-storey Selayang Mall and the 13-storey Dana 13, a stratified office building that is part of the Dana 1 Commercial Centre in Petaling Jaya.