AME Elite Consortium Bhd and AME Real Estate Investment Trust (AME REIT) have successfully completed a RM100.8 million transaction involving the disposal and acquisition of three industrial properties in Johor.
The completion follows the final settlement payment for i-Park SAC 34, marking the conclusion of a transaction that was first announced and detailed in shareholder circulars issued in July 2025.
Final Payment Completes the Deal
According to separate Bursa Malaysia filings, subsidiaries of AME Elite Consortium completed the disposal of the industrial properties to RHB Trustees Bhd, acting as trustee for AME REIT.
The final milestone involved the payment of the remaining purchase consideration for i-Park SAC 34:
Balance consideration paid: RM38.514 million
Seller: Ipark Development, a subsidiary of AME Elite Consortium
Purchaser: AME REIT, through its trustee, RHB Trustees Bhd
Following receipt of the final payment, both parties confirmed that the transaction has been fully completed.
Properties Included in the Transaction
The RM100.8 million transaction consists of three industrial assets located within Johor’s industrial corridor.
The properties include:
i-Park SAC 34
Two factory properties within the i-TechValley industrial estate
These assets are situated within the Iskandar region of Johor, one of Malaysia’s key industrial and manufacturing hubs that continues to attract domestic and foreign investment.
Strategic Role of REIT Asset Acquisitions
The transaction reflects a common structure used by property developers and industrial REITs.
Under this model:
The developer constructs and stabilises industrial assets.
The completed properties are sold to a REIT.
The developer unlocks capital for future projects.
The REIT acquires income-generating properties to strengthen its portfolio and provide recurring rental income to investors.
For AME Elite, the disposal generates capital that can potentially be redeployed into future industrial developments. For AME REIT, the acquisition expands its portfolio of industrial assets capable of producing long-term rental income.
Industrial Property Demand Remains Strong
Johor’s industrial market continues to benefit from:
Growth in manufacturing activities
Logistics and warehousing demand
Expansion within the Iskandar Malaysia region
Increased foreign direct investment
Supply chain and industrial ecosystem development
As a result, industrial properties remain attractive assets for both developers and REITs seeking stable returns and long-term growth opportunities.
What I Learned
This article demonstrates how developers and REITs often work together through asset recycling strategies. Developers build and monetise completed properties, while REITs acquire the assets to generate recurring rental income for investors.
I learned that the completion of a property disposal is not finalised until all purchase consideration has been paid and contractual obligations have been fulfilled. In this case, the final payment for i-Park SAC 34 marked the official completion of the entire RM100.8 million transaction.
The article also highlights the growing importance of industrial real estate in Malaysia, particularly in Johor’s Iskandar region. Industrial assets are increasingly viewed as valuable long-term investments due to continued demand from manufacturing, logistics and supply chain sectors, making them attractive additions to REIT portfolios.
Yao Mu Realty, based in Kuala Lumpur, Malaysia, specializes in industrial real estate for factories and land, delivering professional and efficient solutions.
Posted by Yao Mu Realty Sdn Bhd on 1 Jul 26
Malaysia