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Further to the announcement on 16 November 2006 by AmInvestment Group Berhad on behalf of Am ARA REIT Managers Sdn Bhd ("Am ARA") pertaining to the Proposed Acquisition, Am ARA wishes to inform that AmFIRST REIT, through its Trustee, Mayban Trustees Berhad, has today, 21 June 2007 completed the acquisition of Kelana Brem Towers from Brem Holding Berhad. The acquisition of the Property was fully satisfied via cash.
AmFIRST REIT is a property Trust Fund managed by Am ARA REIT Managers Sdn Bhd with five properties, including the newly acquired Kelana Brem Towers, under its portfolio. The other four buildings are Bangunan AmBank Group, AmBank Group Leadership Centre, Menara AmBank and Menara Merais.
This announcement is dated 21 June 2007.