KUALA LUMPUR: UOA Real Estate Investment Trust (UOA REIT) on Nov 6 announced its proposed acquisition of office suites within UOA II in Jalan Pinang, Kuala Lumpur from Instant Yield Sdn Bhd for RM14.56 million.

UOA REIT manager UOA Asset Management Sdn Bhd announced in a Bursa listing that the acquisition consists of 16 units of office suites with a total built up of 23,864 sq ft, out of which twelve are rented out to tenants.

The acquisition will increase UOA REIT’s estimated lettable area in UOA II to 431,521 sq ft as it already owns parcels in UOA II with a lettable area of 407,657 sq ft plus 643 car park bays.
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