News about Sentral

The group on Friday inked an agreement with Ipoh Sentral Sdn Bhd (ISSB), following the memorandum of agreement signed between the parties in January, according to a bourse filing.

The assets are currently fully tenanted with a mix of food and beverages (F&B), lifestyle, health and educational tenants, many of which are under a sales turnover rental model.

The transit-oriented development project will add 19% to MRCB’s total remaining gross development value (GDV), for it to reach RM38.

In a note on Thursday, CIMB Securities said that the company's earnings are expected to grow 2.

Revenue increased 5.

The development will include affordable housing, hotel, commercial, green spaces, and educational institutions.

Net property income for 3QFY2024 was RM37.

In March, the state local government, housing, health and environment committee chairman Hilmi Abdullah was quoted as saying that KB Sentral is expected to be completed by 2027, with the state government having inked an agreement with a company to undertake the project.

The station was opened in 2001 with a capacity of 100,000 passengers per day after development costing over RM1 billion, but now handles some 200,000 passengers daily.

Calls on the REIT’s units remained mixed following the latest quarterly results, although analysts flagged its appealing distribution yield as compared to the sector average.