PETALING JAYA: Industrial REIT AME Real Estate Investmei-Park @ SILC,nt Trust (AME REIT) has entered into an agreement with an existing tenant for the sale of three industrial properties in i-Park @ SILC for a total cash consideration of RM14.5 million.
The properties, i-Park SILC 3, i-Park SILC 4, and i-Park SILC 6, comprise 1.5-storey semi-detached factories with ongoing leases with a combined agreed lettable area (ALA) of 37,104 sq ft. The sale price represents a significant premium of between 18.5% and 24.8% above the respective market value of the properties as appraised by the independent valuer.
The transaction is expected to generate a gain on disposal of RM4.5 million (excluding estimated incidental costs), representing a 44.7% gain over the original cost of investment. This move is in line with AME REIT’s strategy of portfolio optimisation by unlocking capital appreciation achieved on mature assets against a backdrop of strengthening capital values within the Johor-Singapore Special Economic Zone (JS-SEZ).
I REIT Managers Sdn Bhd CEO and executive director Chan Wai Leo said: “This divestment forms part of our active portfolio management and capital discipline, where mature, smaller-format properties are monetised at attractive valuations and capital is redeployed into larger, scalable properties with stronger long-term growth.
“The premiums achieved underscore the continued strength of industrial demand and rising capital values within the Johor-Singapore Special Economic Zone. Importantly, the transaction allows us to unlock value while maintaining income stability, portfolio efficiency and balance sheet flexibility.”
AME REIT continues to maintain a near 100% occupancy rate across its portfolio of industrial properties. Its assets are primarily located across AME Group’s integrated industrial parks in the JS-SEZ, which are a vital part of the operational infrastructure for its multinational corporation tenant base.
The transaction is conducted via AME REIT’s trustee, RHB Trustees Bhd, and is expected to be completed in phases between the first and second quarters of 2026.
Upon completion of the sale of these properties, and the acquisition of i-Park SAC 34 (expected in the first quarter of 2026), AME REIT’s portfolio will comprise 38 industrial properties and three industrial-related workers’ dormitories. This will result in a total ALA of 2.5 million sq ft, and an estimated total asset value of RM913.2 million.
