Raising stake in Sunway South Quay will lead to higher future earnings for Sunway
Sunway Bhd (Oct 11, RM1.
Sunway REIT’s acquisition of Sunway Clio for RM340m is ‘fair’, ‘reasonable’
KUALA LUMPUR (Oct 11): Sunway Real Estate Investment Trust’s (Sunway REIT) proposed acquisition of Sunway Clio Property from Sunway Bhd for RM340 million is fair and reasonable, and not detrimental to the minority shareholders, says independent adviser AmInvestment Bank Bhd.
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.
Al-Salam REIT to acquire Mydin in Terengganu for RM155m
KUALA LUMPUR (Oct 4): Al-Salam Real Estate Investment Trust (REIT), via its trustee Amanahraya Trustees Bhd, is planning to buy the Mydin hypermarket in Gong Badak, Terengganu, for RM155 million.
IGB REIT’s Southkey seen to replicate Mid Valley’s success
IGB Real Estate Investment Trust (Sept 27, RM1.
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.
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.
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.
Niche office, prime mall segments to remain resilient in the long term
REIT sector Maintain market weight: The sector’s core net earnings (excluding fair value gains) in the second quarter of financial year 2017 (2QFY17) improved by 7.
Office and retail space oversupply 'far from over' — UOB Kay Hian
KUALA LUMPUR (Sept 6): The oversupply of office and retail space in Malaysia is “far from over”, according to UOB Kay Hian Securities (M) Sdn Bhd.
