News about REIT

This marks Axis REIT’s fourth acquisition this year, bringing its total investments for the year to RM964.

However, the REIT did not provide reasons to adjourn the meeting.

The sale “highlights the strong market demand for our high-specification facilities and the institutional-grade nature of our industrial parks”.

HLIB said from 4Q2025 onwards, REITs with recently completed acquisitions should see stronger contributions.

With the deal being voted down, Turiya said, in a separate filing, it will sell its entire stake in property arm Turiya Properties Sdn Bhd, which was meant to buy Wisma Sentral Inai, to Shamir for RM0.

The healthcare-focused REIT said it has signed a sale and purchase agreement (SPA) with Icon Square Sdn Bhd (ISSB) to dispose of a six-storey purpose-built building with a basement level—currently operated as KPJ Healthcare College, Penang—together with all fixtures and fittings.

Under the current year of assessment (YA) 2016-2025 structure, most investors enjoy a 10% final withholding tax, resident corporations face 0%, and non-resident corporations 24%.

Before joining Sunway REIT Management Sdn Bhd—the manager of Sunway REIT—he was CEO of Sentral REIT Management Sdn Bhd, the manager of Sentral REIT.

The dip was mainly due to higher maintenance costs, which, according to its bourse filing, drove property operating expenses higher.

The programme will have a perpetual tenure and allows for the issuance of medium-term notes of up to RM2 billion.