Atrium Real Estate Investment Trust (KLSE:ATRIUM) entered into a conditional sale and purchase agreement to acquire Leasehold Land in Tempat Industrial Site at Batu Tiga together with all the buildings and structures from Amazing Blitz Sdn Bhd for MYR 41 million on November 2, 2023. The property will be acquired free from all encumbrances. The consideration will be satisfied entirely in cash via a combination of internally generated funds of Atrium REIT and/or bank borrowings. The acquisition is subject to approval from the unitholders of Atrium REIT, the approval from the board of directors of Atrium and the approval from the other relevant authorities being obtained for the purchase of the subject property. The acquisition is expected to be completed by the 1st half of 2024. UOB Kay Hian Securities (M) Sdn Bhd. is acting as the principal advisor to Atrium REIT and Strategic Capital Advisory Sdn. Bhd. is acting as the as the independent adviser to advise the non-interested directors of the Manager and non-interested unitholders of Atrium REIT.

Atrium Real Estate Investment Trust (KLSE:ATRIUM) completed the acquisition of Leasehold Land in Tempat Industrial Site at Batu Tiga together with all the buildings and structures from Amazing Blitz Sdn Bhd on May 6, 2024.