KIP REIT unitholders greenlight RM80 mil KIPMall Kota Warisan acquisition
KIPMall Kota Warisan houses a one-and-a-half-storey retail centre, with a net lettable area of approximately 17,300 sq m on a freehold land in Dengkil, Sepang in Selangor.
KIP REIT’s RM80m acquisition of KIPMall Kota Warisan deemed fair and reasonable by independent adviser
The all-cash deal is deemed a related party transaction as KIP REIT’s major unitholder Datuk Ong Kook Liong is also a director and major shareholder of Cahaya Serijaya.
IGB’s 2Q net profit more than doubles on higher revenue, increased forex gains
Revenue from the property development division saw a more than three-fold increase to RM39.
HLIB: IGB REIT will continue to demonstrate resilience for rest of FY2023
In a note on Thursday (July 27), the research house said IGB REIT recorded core net profit of RM177.
CLMT’s 2Q NPI rises 52% on contribution from newly acquired Queensbay Mall, higher rental income
Earnings per share rose to 1.
CapitaLand Malaysia expects strong consumer spending to support growth momentum for remaining of FY2023
The real estate investment trust (REIT) said it had initially expected last year's strong recovery to taper off this year considering that there were no more special Employees Provident Fund (EPF) withdrawals, and due to a higher cost of living which may dent consumers’ spending power.
KIP REIT buys KIPMall Kota Warisan for RM80m, proposes private placement to raise up to RM10m
The acquisition, which is expected to be completed by the first quarter next year, will expand the KIP REIT’s portfolio to 11 assets.
Pavilion REIT fixes private placement issue price at RM1.22, to raise RM720m
Pavilion REIT said the tranche 1 placement issue price represents a discount of 6.
KSL Esplanade Mall in Klang to open its doors on May 31
The 650,000 sq ft shopping mall will comprise four floors of retail space, a landscaped park, a 10,000 sq ft event space, an outdoor dining terrace, and a kids play area.
