Unitholders give green light to Pavilion REIT's RM480 mil hotel acquisitions
Post-acquisition, the hotels will comprise approximately 5.
Post-acquisition, the hotels will comprise approximately 5.
The initiative is projected to result in long-term savings of approximately RM41.
Realised earnings per unit after manager fees fell to 1.
Sunway REIT said the sale is part of Sunway REIT’s strategy to recycle assets.
Gross revenue was 9.
At present, the company is focusing on asset rejuvenation — including upgrading and refurbishing its properties — in an effort to attract more tenants.
Chai, 64, will be appointed chief executive officer of IGB REIT and IGB Commercial REIT effective May 2, 2025.
Quarterly earnings per unit rose to 2.
The two REITs, which run malls and office buildings, said economic uncertainty and possible fuel subsidy cuts may lower mall spending and hurt tenants, while office space faces too much supply and demand for newer buildings.
NPI for the fourth quarter ended March 31, 2024 (4QFY2025) rose 1.