AmanahRaya REIT's asset in Subang Jaya (Photo: AmanahRaya REIT)

Bursa Malaysia-listed AmanahRaya REIT has mitigated against the loss of a major tenant by securing a long-term lease with an international education provider.

AmanahRaya REIT presently owns a portfolio of hotel, office, retail, industrial and educational assets.

One of these, a 12-storey building in Subang Jaya, recently fell vacant after its previous occupier, SEGi College, failed to renew its lease that began in 2006.

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By Shariffa Al-Habshee

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