Forest City won’t suffer from low occupancies in long term

PETALING JAYA (Oct 5): Forest City in Johor will not suffer from low occupancy in the long term, owing to the incoming high-speed rail and the job opportunities being created within the region, said Country Garden Pacificview Sdn Bhd president and chief strategy officer Dr Yu Runze.

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Hektar REIT to pay income distribution a day earlier

KUALA LUMPUR (Sept 11): Hektar Real Estate Investment Trust (Hektar REIT) announced it will pay the second interim income distribution together with an advance income distribution for July and August, totalling 4 sen per unit on Sept 21, a day earlier than the scheduled Sept 22.

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Hektar REIT banks on turnover lease

KUALA LUMPUR (Sept 11): Turnover rent structure has helped Hektar Real Estate Investment Trust (Hektar REIT) to manage rental pressures amid a weak retail environment coupled with the overbuilding of malls in the Klang Valley.

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Amanahraya REIT to buy Vista Tower

KUALA LUMPUR (Sept 7): Amanahraya Real Estate Investment Trust (REIT), which has suspended its trading since yesterday afternoon pending a material announcement, has inked a deal for the purchase of the Grade A Vista Tower office building in Kuala Lumpur for RM430 million, according to a statement from the REIT's major unitholder KDA Capital Malaysia Sdn Bhd.

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