UOA REIT buys property


PETALING JAYA: UOA Asset Management Sdn Bhd, the manager of UOA Real Estate Investment Trust (REIT), is acquiring Wisma UOA Pantai from UOA Holdings Sdn Bhd for RM86mil.

The REIT manager said the property was located along Jalan Pantai Jaya in front of Menara TM in Kuala Lumpur.

It comprised a five-storey building with two mezzanine floors and has three basement parking levels and 272 parking bays, UOA Asset said in a statement.

The building was completed in the second quarter this year and had a net lettable area of 157,481 sq ft, it added.

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