News about REIT

SUBANG JAYA (Nov 16): Sunway Bhd plans to turn the office blocks located above the upcoming Sunway Velocity Mall into a real estate investment trust (REIT) product.

SINGAPORE (Nov 15): JP Morgan reckons that there will be three key implications for Singapore property from Donald Trump’s election as US president.

KUALA LUMPUR (Nov 15): AmFIRST Real Estate Investment Trust’s (AmFIRST REIT) net property income (NPI) rose 23.

KUALA LUMPUR (Nov 14): Al-Aqar Healthcare REIT is selling commercial properties in Johor Bahru for RM100 million to Optimum Impress Sdn Bhd.

SINGAPORE (Nov 9): Investors now have a chance to accumulate Singapore REITs while the market overshoots, according to a Tuesday report by DBS.

SINGAPORE (Nov 9): Frasers Centrepoint Ltd (FCL) reported an 11.

QUILL 6, a 24-storey office building on Lebuh Ampang, Kuala Lumpur — where HSBC Bank Malaysia Bhd has its headquarters — will not be injected into MRCB-Quill Real Estate Investment Trust (MQREIT) as its owner, the Quill Group of Companies, is seeking buyers for the property, according to sources.

SINGAPORE (Nov 8): Religare Institutional Research has started Manulife US Real Estate Investment Trust with a “buy” recommendation and target price of 95 US cents, given its exposure to the US office market which continues to recover from the global financial crisis.

Businessman Tan Sri Desmond Lim Siew Choon is performing a corporate manoeuvre that may unlock value worth billions after emerging as the largest shareholder in WCT Holdings Bhd last Tuesday, say sources.

SINGAPORE (Nov 7): Manulife US Real Estate Management, the manager of newly-listed Manulife US REIT, posted a distribution per unit DPU of 2.