Friday 19 Apr 2024
By
main news image

KUALA LUMPUR (Oct 29): Atrium Real Investment Estate Investment Trust (Atrium REIT) will stand to lose over quarter of a million each month in rental income, if it does not secure a new tenant by the middle of December 2014 for Atrium Puchong — an industrial warehouse and office block.

“The management is currently working closely with property agents to actively source for a new tenant,” the company said in an announcement to Bursa Malaysia.

“The potential financial impact to Atrium REIT as a result of the lease expiry, will be a reduction in the monthly rental income by RM254,992.50, in the event that a new tenant is not secured after the middle of December,” it added.

The current tenant of the property, DHL Supply Chain (Malaysia) Sdn Bhd, did not renew its lease which expired on Sept 18, 2014.  

It is however, still renting about 44,000 square feet — comprising the four-storey office block and part of the warehouse — until the middle of December 2014.

Atrium REIT’s stock closed at RM1.27 today, one sen higher.

      Print
      Text Size
      Share