YNH Property extends conditional period for RM215 mil sale of 163 Retail Park to Sunway REIT till Sept 26
YNH Property in January announced its plan to sell the seven-storey retail shopping centre to Sunway REIT for RM215 million in cash.
AmanahRaya REIT to sell Contraves building in Cyberjaya for RM42.5 mil cash
The building, which AmanahRaya REIT has owned for almost eight years, is a four-storey purpose-built office building with one basement level.
Hektar Asset Management announces CEO resignation
Johari, 52, has decided to step down to pursue new opportunities after holding the CEO post for two years.
S P Setia says it has started pre-IPO works for REIT
The REIT may include retail complexes, office buildings, schools and a convention centre, S P Setia said in a statement.
MRMA names Axis REIT Managers’ CEO Leong Kit May as new chairman
MRMA was established in May 2010, as a collective representation of the Malaysian real estate investment sector and to establish an environment for more investments into high quality real estate in Malaysia.
KIP REIT to acquire DPulze Shopping Centre for RM320 mil
The acquisition, which is the REIT's largest acquisition since its listing on the Main Market of Bursa Malaysia in 2017, is scheduled to be completed by the first quarter of 2025.
Axis REIT to acquire two auto service centres for RM125m
The acquisition of the service centres, one in Seksyen 51A of Petaling Jaya and another in Batu Caves in Gombak, is expected to generate a starting gross yield of about 6.
KLCCP Stapled Group reports marginal increase in 1Q earnings, pays 9 sen dividend
On prospects for the quarters ahead, KLCC Stapled Group said Suria KLCC maintains a positive outlook despite heightened competition, while Mandarin Oriental is strategically positioned to leverage the favourable economic climate, strengthening its collaboration with KLCC precinct partners.
Sentral REIT's 1Q net property income rises 30% but finance costs weigh
Sentral REIT, which has 53% of its portfolio by valuation located in KL Sentral here, also has exposure in Cyberjaya (13% of portfolio) and Penang (6%).
UOA REIT’s net rental income drops 13% in 1Q as its properties record lower occupancy rates
UOA REIT did not declare any income distribution for the quarter under review, but said its manager intends to distribute at least 95% of the realised income before tax for the first half of FY2024.
