MQREIT to raise RM487.942 mil from proposed placement
KUALA LUMPUR (Dec 8) MRCB-Quill REIT (MQREIT) is set to raise RM487.
KUALA LUMPUR (Dec 8) MRCB-Quill REIT (MQREIT) is set to raise RM487.
KUALA LUMPUR (Dec 8): MRCB Quill Management Sdn Bhd, the manager of MRCB-Quill Real Estate Investment Trust (MQREIT), says it has no plans to embark on property development activities as yet, despite the proposed liberalisation of the REIT guidelines by the Securities Commission Malaysia (SC) in July.
KUALA LUMPUR (Dec 7): MRCB Quill Management Sdn Bhd, the manager of MRCB-Quill Real Estate Investment Trust (MQREIT) said it is open to acquiring new assets in the future and will look into the potential of injecting Menara Celcom in Petaling Jaya from one of its sponsors, Malaysian Resources Corp Bhd (MRCB).
SINGAPORE (Dec 6): Ascendas REIT is acquiring two properties located along Science Park Drive for S$437.
SINGAPORE (Dec 6): Maybank Kim Eng is maintaining a “neutral” stance on Singapore’s property sector while positioning defensively at the lower end of the risk spectrum, expressing a preference for exposure to stable platforms over trading portfolios.
Real Estate Investment Trusts Maintain neutral call: Malaysian government securities (MGS) yield spiked in November to above 4.
SINGAPORE (Dec 5): RHB Research is maintaining its “overweight” rating on the property sector as yields of Singapore REITs overtook 10-year government bond yields by 4.
SINGAPORE (Dec 2): DBS is optimistic on CapitaLand Retail China Trust (CRCT) upgrading it to a “buy” call with a target price of S$1.
KUALA LUMPUR (Dec 1): YTL Hospitality Real Estate Investment Trust (YTL REIT) has fixed the issue price for 380 million placement units at RM1.
SINGAPORE (Nov 29): The Singapore Central Business District has just seen its fourth major office transaction in 2016, after CLSA Capital Partners acquired 77 Robinson Road for S$531 million (RM1.