Under the deal, the interim income distribution translated into an effective annualized income yield of 6.6% which was benchmarked against the 12-month General Investment Account-I of Maybank Islamic Bhd.
This represented a total income distribution of RM33.7 million and is the fifth income distribution made by AHB to its unit holders since its inception in November 2010.
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PHB managing director and CEO, Datuk Kamalul Arifin Othman, said: "PHB was active in seeking viable properties to invest in or develop, which would be injected into AHB."
"Today, I am pleased to announce, with the most recent acquisition of PHB’s ninth completed property, our total value of completed assets is approximately RM1.8 billion," Arifin Othman said.
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