Sentral REIT is acquiring the 27-storey purpose-built office tower in Petaling Jaya known as Menara CelcomDigi for MYR450 million.

The asset is being acquired from Puncak Wangi Sdn Bhd, a wholly-owned subsidiary of Malaysian Resources Corporation Berhad.

The proposed acquisition is expected to expand Sentral REIT’s total asset size by 21% from MYR2.15 billion as at 31 December 2022 to approximately MYR2.60 billion.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.