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Current valuation for buildings at RM2.20 bil, says MQREIT

KUALA LUMPUR (Jan19): MRCB-Quill Real Estate Investment Trust (MQREIT) and MRCB Quill Management Sdn Bhd (MQM) said the current market valuation and fair value loss for investment properties for all MQREIT’s buildings of RM2.20 billion and RM19.57 million, would be incorporated into the accounts as at Dec 31, 2017. 

In a filing with Bursa Malaysia, MQREIT said the buildings were Quill Building 1 – DHL 1 and Quill Building 4 – DHL 2, Quill Building 2 - HSBC, Quill Building 3 – BMW, part of Plaza Mont’Kiara, Wisma Technip, Quill Building 5 – IBM, Quill Building 8 – DHL (XPJ), Tesco Building Penang, Platinum Sentral and Menara Shell.

“Based on the unaudited results as at Dec 31, 2017, the net asset value per unit of MQREIT (after proposed final distribution) will be RM1.2550 upon incorporation of the fair value loss of investment properties of RM19.571 million,” the filing said. — theedgemarkets.com

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