AmanahRaya REIT (ARREIT; Bursa: 5127) was established in Oct 2006 and was listed on Bursa Malaysia in Feb 2007. As at 31st Dec 2016, the portfolio of ARREIT comprised 15 properties with a total asset value of RM1.04 billion.

The REIT manager is a joint venture between AmanahRaya-REIT Managers and Kenedix Asia.  Kenedix Asia, via its local identity KDA Capital Malaysia, acquired 49% of AmanahRaya-REIT Managers in Dec 2016 resulting in the newly-named AmanahRaya-Kenedix REIT Managers. The strategic partnership is a plus for ARREIT as it can now collaborate with the Kenedix Group and tap on its in REIT management.

The Kenedix Group is the largest independent real estate asset management organization in Japan. As at Dec 2015, the group’s assets under management (AUM) in Japan’s real estate market totalled approximately ¥1.6 trillion. The group’s operations span a diverse array of asset categories including several listed Japanese …