News about REIT

KUALA LUMPUR (Jan 18): Hong Leong Investment Bank Bhd (Heong Leong IB) said Malaysian real estate investment trusts' (REITs) share prices may face pressure from the imminent rise in the country's overnight policy rate (OPR).

KUALA LUMPUR (Jan 17): The central bank’s widely anticipated increase in key interest rate will have an impact on Pavilion Real Estate Investment Trust’s (Pavilion REIT) borrowing costs, said Pavilion REIT Management Sdn Bhd chief executive officer Philip Ho.

MRCB-Quill REIT (Jan 9, RM1.

  PETALING JAYA (Jan 9): Sunway Real Estate Investment Trust (Sunway REIT) is planning a minimum investment of RM100 million, with the bulk of this sum going towards building the second phase of its Sunway Carnival Shopping Mall in Seberang Jaya, on the mainland of Penang.

KUALA LUMPUR (Jan 8): MRCB-Quill REIT (MQREIT) has announced that Maybank Trustees Bhd — as a trustee for and on behalf of MQREIT — has signed a sale and purchase agreement with Transmark Corporation Sdn Bhd for the disposal of a warehouse-cum-office building for RM28 million cash.

Sunway Real Estate Investment Trust (Jan 2, RM1.

IGB Real Estate Investment Trust (Dec 29, RM1.

PETALING JAYA (Dec 30): OSK Holdings Bhd has put Faber Towers in Taman Desa, Kuala Lumpur, on the market as it seeks to monetise some of its assets, reported The Edge.

KUALA LUMPUR: AmanahRaya Real Estate Investment Trust (REIT) has proposed to sell a piece of freehold land in Shah Alam to Nippon Express (M) Sdn Bhd for RM105 million.

KUALA LUMPUR (Dec 5): Axis Real Estate Investment Trust (Axis-REIT) has added its 40th property — an industrial facility in Gebeng, Kuantan — to its portfolio today.