News about REIT

The sukuk wakalah programme will have a perpetual tenure, with the first issuance expected within 90 business days from the date of lodgement or within a time frame specified by the SC.

In a separate note, Hong Leong Investment Bank (HLIB) also maintained a “neutral” outlook on the REIT sector.

Keppel DC REIT’s subsidiary Basis Bay Capital Management entered into a sale and purchase agreement on Dec 31, 2024 with Basis Bay Services MSC, an unrelated third party that is also the current master lessee and facility manager of the property.

The mall, now rebranded as Sunway Kluang Mall, is nearly fully occupied with over 130 tenants and anchored by Pacific Hypermarket & Department Store.

This is as occupancy rate for Parcel B — Menara UOA Bangsar (MUB) is expected to rise to above 60% in the fourth quarter of financial year 2024 (4QFY2024), from 58% in 3QFY2024, the research house said.

After acquiring two premier hotels namely Banyan Tree Hotel and Pavilion Hotel in Kuala Lumpur for a sum of RM480 million.

Pavilion REIT said the acquisitions align with its commitment to deliver premium offerings while capitalising on synergistic opportunities with Pavilion KL mall.

The property comprises two office-suite parcels within Menara Southpoint in Mid Valley City, Kuala Lumpur.

Net rental income for the quarter declined 6.

He succeeds Raja Nazirin Shah Raja Mohamad, whose tenure concludes with the expiry of his contract.