News about REIT

KIPMall Kota Warisan houses a one-and-a-half-storey retail centre, with a net lettable area of approximately 17,300 sq m on a freehold land in Dengkil, Sepang in Selangor.

In a sectoral update on Wednesday, the research house said it believes that industrial assets should record healthy rental reversions each year, with low risk of non-renewals.

The installation initiative stems from a collaboration between Hektar Asset Management Sdn Bhd, manager of Hektar REIT, and GMA Resources.

The former chief executive officer of Sunway Real Estate Trust (REIT), who retired last June 30 after reaching the age of 66, was also an adviser of the Malaysian REIT Managers Association.

The research firm in a note on Thursday said that although office spaces are becoming more relevant, overall occupancy levels may remain thin, as the incremental supply of new office spaces could outweigh the modestly rising take-up, further dampening the sector’s outlook.

In a Bursa Malaysia filing on Tuesday, YTL REIT said the lessees of its AC hotel chain are agreeable to the increase in annual rental for all three hotels amounting to a collective RM2.

The buildings it is acquiring include academic blocks, a great hall, staff and student accommodation, and sports and other facilities.

Hotel Stripes Kuala Lumpur, Autograph Collection is a five-star hotel, located along Jalan Kamunting in Kuala Lumpur.

In a research note, TA noted that the proposed disposal for RM52 million translates into a premium of 4% over the property’s market value, and would result in a net gain of RM400,000 for the group.

For both MOUs, Pavilion REIT noted that a corporate green power agreement (CGPA) is to be executed within 60 days of approval from the Energy Commission to participate in the CGPP.