Investment Policy

Al-Salām REIT is an Islamic REIT established with the principal investment policy of investing, directly and indirectly, in a diversified Shariah-compliant portfolio with income producing Real Estate which are used primarily for commercial retail, office and industrial purposes in Malaysia as well as Real Estate-Related Assets.

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Investment Objective

The Manager’s key objective is to provide Unitholders with regular and stable distributions, sustainable long term Unit price and Distributable Income and capital growth, while maintaining an appropriate capital structure.

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Key Investment Strategies

The Manager intends to increase the income as well as the value of the Subject Properties, through the following strategies:-

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A twenty five (25) storey office building located in Johor Bahru City Centre, Johor Bahru, Johor

 

Address  

Menara KOMTAR. Johor Bahru City Centre, Jalan Wong Ah Fook, Johor Bahru, Johor Darul Takzim

Tenure

Freehold

Appraised Value (RM ‘000)  

72,000

Land Area

Not applicable (1)

Gross Floor Area

242,195 sq. ft.

Title Information

Parent Lot 14530, Title No. GRN 44587 situated in Town and Daerah Johor Bahru, Johor

 

Note:-

(1)    KOMTAR JBCC and Menara KOMTAR form part of an integrated development which will comprise of a proposed tower known as “Menara Johor Land”, a proposed hotel and a proposed mosque (collectively known as “JBCC Integrated Development”). The JBCC Integrated Development is held under the Master Title. On 29 December 2014, the said Master Title was submitted to the relevant authorities for sub-division into four (4) individual strata titles. Upon completion of the sub-division, KOMTAR JBCC and Menara KOMTAR including the development components of JBCC Integrated Development will have their respective individual strata title.

 

Sponsor

REIT Manager

Damansara REIT Managers

REIT Trustee