Damansara REIT Managers Sdn. Berhad
Damansara REIT Managers Sdn. Berhad (DRMSB) is a Malaysian-based company focused on the management of public listed real estate investment trusts (REIT). As part of DRMSB's role to stimulate growth within JCorp, DRMSB was incorporated in 2005 and has since been earmarked as the important component in the real estate division of JCorp.
DRMSB is the only REIT manager in Malaysia managing two (2) Islamic REITs, namely Al-`Aqar Healthcare REIT and Al-Salām REIT.
Al-`Aqar Healthcare REIT, which was listed on the Main Board of Bursa Malaysia on 10 August 2006, focuses on healthcare-related assets. Al-`Aqar Healthcare REIT was established with an initial portfolio of 6 assets and has since grown to 23 assets comprising of 19 hospitals and 4 healthcare related properties spanning across Malaysia and Australia. As at 30 June 2016, Al-`Aqar Healthcare REIT had total assets under management amounting to RM1.5 billion.
Al-Salām REIT was established early 2015 and focuses on Syariah-compliant diversified assets, including, but not limited to, commercial retail, office, and industrial assets. Al-Salām REIT was listed on 29 September 2015 on the Main Market of Bursa Malaysia. The current portfolio of Al-Salām REIT is inclusive of 31 assets with total value of RM911.46 million. Among the major assets are KOMTAR JBCC mall, Menara KOMTAR, @Mart hypermarket and KFCH College, and KFC and Pizza Hut restaurant chains nationwide and selected industrial assets.