PLife Reit unit divests Malaysia property for $6.09m

The company is expected to recognise an estimated gain of approximately $100,000.

Parkway Life Real Estate Investment Trust’s Malaysian subsidiary, Parkway Life Malaysia Sdn. Bhd., will sell its lone Malaysia property for $6.09m (RM20.09m).

The strata units and lots at MOB Specialist Clinics in Kuala Lumpur will be sold to Pantai Medical Centre Sdn. Bhd.

Parkway Life REIT is expected to recognise an estimated gain of approximately $100,000.

Upon completion of the divestment, Parkway Life REIT will no longer have any investments in Malaysia.

($1=RM3.35)