IGB REIT to acquire Mid Valley Southkey Mall in Johor for RM2.65 bil
The five-storey mall, with over 1.
The five-storey mall, with over 1.
MTrustee Bhd, acting on behalf of Hektar REIT, has entered into an agreement with Wan Realty Sdn Bhd and Darul Modal Sdn Bhd for the acquisition, valued at RM26 million, according to a bourse filing on Tuesday.
MRMA highlighted that the proposed expanded SST, which is expected to take effect on July 1, is likely to result in higher costs for end-consumers, as businesses across the affected sectors may pass on the additional tax burden in the form of higher prices for goods and services.
There are already signs of softening consumer spending, as reflected in weaker tenancy sales among retail REITs under coverage.
The 46-year-old, who does not hold any stake in the REIT, is resigning to pursue other career opportunities, the company said in a Bursa Malaysia filing on Wednesday KUALA LUMPUR (June 11): Tower Real Estate Investment Trust (KL:TWRREIT), the REIT arm of the Hong Leong Group, announced that Martin Kung Boon Keat, the CEO of its REIT manager GLM REIT Management Sdn Bhd, will step down from his post on June 12, 2025.
“Some parties have already approached us, and we have also identified certain malls.
The key catalysts are anticipated in 2H2025, including asset recycling through disposals or new acquisitions, asset enhancement initiatives to drive income growth, and a hospitality sector recovery following the seasonal post-Ramadan rebound.
The trust is expected to offer an annualised distribution yield of over 7% for 2025.
The issue price represents a discount of 3.
Based on an illustrative issue price of 57.