Both IGB REIT assets expected to continue to perform well
Both properties, Mid Valley Megamall and The Gardens Mall, are operating with high occupancy rates of close to 100%, driven by the strategic prime location.
Both properties, Mid Valley Megamall and The Gardens Mall, are operating with high occupancy rates of close to 100%, driven by the strategic prime location.
New guideline of allowing REITs to engage in property development is a catalyst for this sector, as shorter duration and lesser capital expenditure required for constructing industrial property versus acquisitions.
Situated within Kawasan Perindustrian i-Park, Bandar Indahpura, Kulai, Johor
The move enables the group to expand into Melaka to capture the rising interest in properties, boosted by tourism-related activities.
To date, management has successfully completed 81% of renewals due in 1QFY18.
The improvement was primarily contributed by newly acquired properties: Sunway Clio Property and Sunway REIT Industrial — Shah Alam 1.
Axis Real Estate Investment Trust has proposed to acquire two pieces of land for a total lump sum cash consideration.
We feel the guidelines enhance clarity and improve flexibility to drive the sector.
The land is located adjacent to the Kepong Metropolitan Park, approximately 13km north west of Kuala Lumpur.
Is synergistic to S P Setia as a whole in its bid to become the largest pure property player in the market.