CapitaLand Malaysia Trust kicks off FY2025 with 9.6% rise in net property income
Distributable income climbed 10.
WCT gets shareholders’ nod for Paradigm REIT listing
As part of the proposed listing of Paradigm REIT, shareholders also approved the proposed disposal of three prime retail properties — Bukit Tinggi Shopping Centre (BTSC), Paradigm Mall Petaling Jaya (PMPJ) and Paradigm Mall Johor Bahru (PMJB) — to Paradigm REIT for RM2.
KIP REIT to acquire RM118m worth of suburban retail assets, boosting portfolio to RM1.5b
The four properties are KIPMall Desa Coalfields in Kuala Selangor at RM62 million, the Lotus’s Indera Mahkota hypermarket in Kuantan at RM39 million, along with three units of double-storey shop offices worth RM12 million, and a double-storey commercial building worth RM5 million, also located in Kuantan.
KPJ to inject two hospital assets into Al-Aqar Healthcare REIT
The disposal is expected to unlock the value of the assets while allowing KPJ to retain operational control through a leaseback structure.
AME REIT to acquire three industrial properties from AME Elite for RM100.8m
AME Elite plans to allocate the majority of the proceeds towards further development of i-TechValley, as well as other industrial property projects and investments.
Elizabeth Tan steps down as CEO of IGB REITs, father Robert Tan redesignated as executive chairman
Both REITs also announced that Antony Patrick Barragry, the former CEO of IGB REIT Management Sdn Bhd, the manager of the two REITs, is coming out of retirement to assume the role of acting CEO of IGB REIT Management, effective from Wednesday.
AmanahRaya REIT retains Mohd Iskandar as managing director
“Mohd Iskandar brings extensive expertise in corporate strategy, risk management, financial planning and property investment management across multiple sectors.
AEON says Aeon Mall Kinta City will be expanded, upgraded
The group has inked a memorandum of understanding (MOU) with the building owner KIP Real Estate Investment Trust (KL:KIPREIT) for the refurbishment that is expected to boost the property's value, rental income and customer experience (March 5): AEON Co (M) Bhd (KL:AEON) announced on Wednesday that its Aeon Mall Kinta City in Perak will be expanded and upgraded in a bid to enhance its retail offerings.
KJTS bags retrofit, maintenance and chilled water supply job from KIP REIT
The filing did not disclose the value of the retrofit works.
WCT gets nod from SC for Paradigm REIT listing
The initial property portfolio includes the Bukit Tinggi Shopping Centre, which will be acquired from Gemilang Waras Sdn Bhd, a wholly-owned unit of WCT, for RM680 million, with RM350 million settled in units and RM330 million in cash.
