AmanahRaya REIT CEO resigns after just 3 months on the job
KUALA LUMPUR (Feb 1): AmanahRaya Real Estate Investment Trust (REIT)’s chief executive officer (CEO) Zalila Mohd Toon, 58, has resigned just after three months on the job.
KLCCP 4Q profit falls on lower fair value gain
KUALA LUMPUR (Jan 25): KLCCP Stapled Group, which comprises KLCC Property Holdings Bhd (KLCC) and KLCC Real Estate Investment Trust (KLCC REIT), announced a 47% year-on-year (y-o-y) drop in net profit to RM183.
IGB REIT 4Q net profit down 9.9%
KUALA LUMPUR (Jan 24): IGB Real Estate Investment Trust’s (IGB REIT) net profit for the fourth quarter (4Q) ended Dec 31, 2018 slipped 9.
Axis REIT 4Q NPI up 50%, declares 2.45 sen DPU
KUALA LUMPUR (Jan 223): Axis Real Estate Investment Trust’s (Axis REIT) net property income (NPI) grew 50.
M’sian REITs could become market darlings in 2019
KUALA LUMPUR (Jan 3): Stocks on Bursa Malaysia have endured a roller-coaster ride last year, with some creating big losses to investors on one day.
Top 10 property deals of the year
In a survey conducted by The Edge of seven leading real estate experts, the most hotly anticipated deals for 2019 were discussed.
Ahmad Nizam appointed chairman of KLCC Stapled Group
KUALA LUMPUR (Dec 21): Chairman of national oil firm Petroliam Nasional Bhd (Petronas) Datuk Ahmad Nizam Salleh (pictured) has been appointed the non-independent non-executive chairman of KLCC Stapled Group, which comprises KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust (KLCC REIT) Ahmad Nizam, 62, was appointed to chair Petronas on Aug 2, 2018.
Paramount 3Q net profit drops 81% to RM15.62m
KUALA LUMPUR (Nov 21): Paramount Corp Bhd reported an 81% drop in its net profit to RM15.
AirAsia will not take part in Airport REIT
KUALA LUMPUR (Nov 13): AirAsia Group Bhd will not invest in the proposed airport real estate investment trust (Airport REIT) as the low-cost carrier does not want to lose focus on its airline business, said chief executive officer (CEO) Tan Sri Tony Fernandes.
