News about REIT

PETALING JAYA (July 1): AME Elite Consortium Bhd and AME Real Estate Investment Trust (AME REIT) have completed a RM100.

KUALA LUMPUR (June 26): Axis Real Estate Investment Trust’s (KL:AXREIT) latest asset in its shopping cart will be earnings accretive as it comes with a reasonable price tag, analysts said.

PETALING JAYA (June 26): Axis Real Estate Investment Trust (Axis‑REIT) is proposing to acquire a fully occupied distribution centre in Bandar Saujana Putra, Selangor, from courier and logistics player City‑Link Express (M) Sdn Bhd for RM128 million in cash.

KUALA LUMPUR (June 26): Tower Real Estate Investment Trust (KL:TWRREIT) announced on Thursday the appointment of Douglas Richard Fyvie Crichton as the new chief executive officer of the trust's management company, GLM REIT Management Sdn Bhd, with immediate effect.

KUALA LUMPUR (June 24): The spin-off of data centre assets into real estate investment trusts (REITs) and acquisitions by existing players could significantly increase their exposure to the sector over the next few years, said MBSB Research.

PETALING JAYA (June 24): GLM REIT Management Sdn Bhd, the manager of Tower Real Estate Investment Trust (Tower REIT), announced a change in its shareholding following GuocoLand (Malaysia) Bhd’s divestment of a stake in the company.

PETALING JAYA (June 19): AME Real Estate Investment Trust, the acquisition side, has confirmed that the sale and purchase agreement (SPA) for i‑Park SAC 34 has become unconditional after all conditions precedent were fulfilled yesterday.

PETALING JAYA (June 12): WORQ has expanded its footprint with the launch of its 13th outlet at Menara Shell in KL Sentral, in partnership with Sentral REIT, amid growing interest in transit-oriented and flexible workspace solutions.

PETALING JAYA (June 9): AmBank (M) Bhd, a wholly-owned subsidiary of AMMB Holdings Bhd, has signed a conditional sale and purchase agreement (SPA) to acquire Menara AmBank from AmFIRST Real Estate Investment Trust (AmFIRST REIT) for RM331 million cash.

KUALA LUMPUR (June 4): KIP Real Estate Investment Trust (KIP REIT) has submitted a listing application to Bursa Malaysia Securities Bhd in connection with its proposed placement of new units.