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AmanahRaya REIT, Urban Collection ink 15-year lease for former Holiday Villa Alor Setar. The agreement is structured as three consecutive terms and includes a double net lease arrangement with a 10% rental escalation at each renewal. Operations under the new operator are expected to commence by May 1, 2026.
Turning an unused property into something functional should definitely bring in some solid rental income. Keeping my fingers crossed for more contracts
