News about REIT

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.

KUALA LUMPUR (May 25): The High Court has allowed Distinctive Acres Sdn Bhd, an investment unit of property developer UOA Development Bhd (KL:UOADEV), to challenge a RM165.

KUALA LUMPUR (May 23): Hektar Real Estate Investment Trust (KL:HEKTAR) plans to acquire and lease back an international school campus near Setapak in Kuala Lumpur for RM125 million, marking its latest push into the education asset segment to diversify beyond retail properties.

PETALING JAYA (May 19): Sunway Real Estate Investment Trust (Sunway REIT) has completed its first issuance of sustainability-linked commercial papers (SLCPs) amounting to RM70.

PETALING JAYA (May 19): AmanahRaya Real Estate Investment Trust (REIT) posted net income of RM5.