IGB REIT’s organic growth to be backed by two mall assets
IGB Real Estate Investment Trust (July 27, RM1.
IGB Real Estate Investment Trust (July 27, RM1.
PETALING JAYA (July 27): Developers need to change how shopping malls are developed to incorporate experiential engagement with consumers, Knight Frank retail consultancy and leasing associate director Rebecca Phan told TheEdgeProperty.
SINGAPORE (July 27): DBS Vickers Securities is keeping its “hold” call on CapitaLand Mall Trust (CMT) with a higher target price of S$2.
KUALA LUMPUR (July 21): The Sime Darby Property Bhd-CapitaLand Mall Asia joint venture has decided to further extend the opening of its Melawati Mall to the second quarter of next year (2Q17).
KUALA LUMPUR (July 20): CapitaLand Malaysia Mall Trust (CMMT) share price hit a one-year high of RM1.
KUALA LUMPUR (July 19): Ekovest Bhd does not intend to sell its EkoCheras Mall as it plans to keep it for recurring income and to group it with other properties that provide recurring income, like the group’s RM4 billion River of Life project, to form a real estate investment trust (REIT), said its executive chairman Tan Sri Lim Kang Hoo (pictured).
KUALA LUMPUR (July 18): Property developer Ekovest Bhd secured key tenants including Golden Screen Cinemas (GSC), Village Grocer, Borders Books, Starbucks and Coffee Bean for its EkoCheras Mall, which is within the RM2.
MALAYSIAN real estate investment trusts (M-REITs) may soon be allowed to put as much as 15% of their total assets into development projects and vacant land for development and are already positioning themselves for the liberalisation that is slated for the end of the year, industry sources say.
• Today, we look at price growth and indicative rental yields for non-landed homes in Subang/Ara Damansara.
KUALA LUMPUR (June 28): JAKS Resources Bhd aims to divest the newly opened Evolve Concept Mall near Ara Damansara, Selangor, within a year to further enhance its financial position.