AmFIRST Real Estate Investment Trust (“AmFIRST REIT” or the “Trust”) is a real estate investment trust established in Malaysia and constituted by a Trust Deed dated 28 September 2006 (“Original Deed”) (as amended by the First Supplemented, Revised and Restated Trust Deed dated 15 December 2006 (“First Deed”) and the Second Restated Deed dated 13 September 2013 (“Second Deed or the “Deed”)) entered into between Am ARA REIT Managers Sdn Bhd (“Am ARA” or the “Manager”) and Maybank Trustees Berhad, as the Trustee of AmFIRST REIT (the “Trustee”). The Second Deed has superseded the Original Deed and the First Deed. AmFIRST REIT was listed on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) on 21 December 2006.
AmFIRST REIT is one of the largest Malaysian-based commercial real estate investment trusts (“REITs”) and owns a diverse portfolio of nine (9) properties located in Klang Valley (including Cyberjaya), Melaka and Penang, with a total net lettable area of 3.3 million sq ft as at 31 March 2016. AmFIRST REIT is managed by Am ARA which is responsible for the management and administration of AmFIRST REIT, as well as the implementation of AmFIRST REIT’s investment and business strategies.
The Manager was incorporated in Malaysia on 20 April 2006 and is wholly-owned by Am ARA REIT Holdings Sdn Bhd (“Am ARA Holdings”) which in turn is 70% owned by AmInvestment Group Berhad (“AIGB”) and 30% owned by ARA Asset Management (Malaysia) Limited (“ARA AM”).
AIGB is a wholly owned subsidiary of AMMB Holdings Berhad (“AMMB”). AMMB is listed on the Main Market of Bursa Securities. The principal activity of AMMB is that of investment holding and whose subsidiaries provide a wide range of both conventional and Islamic financial products and services, including retail banking, wholesale banking, investment banking, fund management as well as the underwriting of general insurance, life assurance and family takaful.
ARA AM is a wholly owned subsidiary of Singapore-based ARA AmFIRST (Singapore) Pte Ltd, a wholly-owned subsidiary of ARA Asset Management Limited (“ARA Group”), listed on the Singapore Exchange Securities Trading Limited since November 2007. ARA Group is an integrated real estate fund manager in Asia, founded on its core values of Integrity, Excellence, Respect and Teamwork. Established since 2002, ARA Group has built a diverse suite of real estate investment trusts and private real estate funds that are invested in the office, retail, logistics/industrial, hospitality and residential sectors in the Asia Pacific region, complemented by its in-house real estate management services division. To date, ARA Group has over 1,200 professionals in 15 cities managing total assets of approximately S$30 billion.