News about REIT

KUALA LUMPUR (Oct 11):  Sime Darby Bhd’s plans to acquire a majority stake in Singapore-based Saizen Real Estate Investment Trust (REIT) through a reverse takeover is back on track.

SINGAPORE (Oct 10): Property company Frasers Centrepoint Limited (FCL) says its subsidiary, Frasers Property Holdings (Thailand) (FPHT), on Friday signed an agreement to subscribe for up to 735 million new shares of TICON Industrial Connection Public Company Limited for THB 13.

KUALA LUMPUR (Oct 10): Axis Real Estate Investment Trust (REIT) chief executive officer Leong Kit May knew that the trust has a “gold mine” waiting to be excavated in its 50-acre (20.

KUALA LUMPUR (Oct 4): Atrium Real Estate Investment Trust (REIT) has proposed to acquire a piece of industrial land measuring 1.

KUALA LUMPUR (Oct 4): Sime Darby Bhd's plan to acquire a majority stake in Saizen Real Estate Investment Trust (Saizen REIT) through a reverse takeover (RTO) appears to have fallen through.

KUALA LUMPUR (Sept 30): Sunway REIT Management Sdn Bhd non-independent non-executive chairman Tan Sri Dr Jeffrey Cheah Fook Ling (pictured) will relinquish his position effective today, as part of efforts to enhance board independence.

Tiong Nam Logistics Holdings Bhd (Sept 23, RM1.

SINGAPORE (Sept 22): DBS Group Research has upgraded CapitaLand Mall Trust (CMT) to “buy” from “hold”, with a marginally higher target price of S$2.

SINGAPORE (Sept 22): The proliferation of mobile devices and cloud-based e-commerce, as well as social media platforms such as WhatsApp, Facebook and Instagram, has led to a surge in demand for data storage space.

SINGAPORE (Sept 9): Maybank Kim Eng has upgraded two Singapore office REITs, CapitaLand Commercial Trust (CCT) and Keppel REIT, to “buy” from “hold”, even as office rents are expected to continue to slide in the near term.