Pavilion REIT 3Q net property income falls 22% on higher operating expenses, lower revenue
KUALA LUMPUR (Oct 28): Pavilion Real Estate Investment Trust's (REIT) net property income (NPI) for the third quarter ended Sept 30, 2021 (3QFY21) fell 22.
Retail REITs to benefit from reopening of economy
KUALA LUMPUR (Oct 23): With the reopening of most economic activities as Malaysia adopts the living with the virus stance backed by a rapid vaccination programme that has covered close to 95% of the adult population, retail real estate investment trusts (REITs) “may be worth a closer look although much also depends on where their assets are located”, wrote The Edge Malaysia this week.
Sunway Malls unveils e-commerce platform
PETALING JAYA (Oct 18): Sunway Malls, the Malaysian mall group operator with seven physical malls presence is set to roll-out its e-commerce platform – Sunway eMall.
Vacant malls and office spaces: Utilise them creatively, says NAPIC
KUALA LUMPUR (Oct 13): Purpose-built offices and shopping malls are seeing an all-time low occupancy rate for the first time in 20 years, hence, operators have to be more creative in utilising the vacant space in the new normal, said National Property Information Centre (NAPIC) deputy director of inventory Ari Adam.
Empire City Mall: We are confident of our investment in this mall, says Rubberex
KUALA LUMPUR (Oct 9): Glovemaker Rubberex Corp says it is confident about its proposal to take up a 20% stake in Empire City Mall in Petaling Jaya for RM180 million.
Rubberex in joint collaboration to develop, operate Empire City Mall
PETALING JAYA (Oct 5): Glove maker Rubberex Corp (M) Bhd is proposing to take part in a joint collaboration to develop and operate Empire City Mall, Focus Malaysia reported today.
Pressure on office and retail rents to remain as vacancy rates rise — BNM
KUALA LUMPUR (Sept 30): Despite various extensions of rental relief, up to half of mall operators reported significant difficulties collecting rents from their tenants in the first half of 2021 (1H21), according to Bank Negara Malaysia (BNM).
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Encorp: Appointment of three new directors ‘sparks interest’
KUALA LUMPUR (Sept 18): Excitement and gains in share price seem to have originated from the appointment last week of three new directors at the property development company Encorp Bhd, reported The Edge Malaysia.
Report: Datuk Eddie Ong could emerge as substantial unitholder of KIP REIT
KUALA LUMPUR (Sept 11): Businessman Datuk Eddie Ong Choo Meng (pictured) “could emerge as a substantial unitholder of retail KIP Real Estate Investment Trust as early as this week”, The Edge Malaysia reported in its latest issue.
Sabah: Skybridge to nowhere will get ‘missing link’ in six months – KK mayor
KOTA KINABALU (Sept 10): The multi-million ringgit Skybridge here which was reported to lead to a dead end instead of a mall will have a link in six months.
