MRCB buys Quill’s 39% stake in Sentral REIT manager
Sentral REIT did not specify how much builder and property developer MRCB will pay for QRH's 39% stake in SRM.
DONE DEAL: Shoplot, Jalan Warisan Sentral, Sepang, Selangor
DONE DEAL: Terrace house, Bandar Kinrara, Puchong, Selangor DONE DEAL: Shoplot, Jalan Kenari, Bandar Puchong Jaya, Selangor The shoplot unit is located at the strategic area of KIP Sentral, Sepang, Selangor while the commercial building is surrounded by an array of convenience stores and amenities.
MRCB returns to the black in 2Q with RM14.1 mil net profit as operations normalise
MRCB added that the strong set of earnings was further boosted by the construction progress of the Light Rail Transit 3 (LRT3) project, despite shortages in labour and key building materials.
HLIB downgrades Sentral REIT, lowers target price to 91 sen
KUALA LUMPUR (Aug 22): Hong Leong IB (HLIB) Research has downgraded Sentral REIT to “hold” at RM1.
Sentral REIT posts lower 2Q net property income at RM28m, declares 3.4 sen DPU
For the first half ended June 30, 2022, Sentral REIT’s net property income declined to RM58.
TA Global receives construction approval for Sri Damansara Sentral MRT link bridge
PETALING JAYA (June 1): TA Global Bhd has received the construction approval for the Sri Damansara Sentral MRT link bridge, marking tremendous progress in strengthening the accessibility of Damansara Avenue, the developer’s 48-acre master plan in Bandar Sri Damansara.
Sentral REIT 1Q NPI declines 2.9% to RM30.51m
KUALA LUMPUR (May 12): Sentral Real Estate Investment Trust (Sentral REIT)’s net property income (NPI) in the first quarter ended March 31, 2022 (1QFY22) dropped by 2.
DONE DEAL: Office at Nu Tower 1, KL Sentral, Kuala Lumpur
Read also DONE DEAL: Three-storey bungalow at Seventy Damansara, Bukit Damansara, Kuala Lumpur DONE DEAL: Condominium at Pavilion Hilltop, Kuala Lumpur A premium Grade A and MSC status office building located in KL Sentral, Nu Tower 1 (or Menara Allianz) is integrated with greater connectivity due to its strategic location just next to the KL Sentral transit hub.
Sentral REIT plans to raise up to RM3b via debt programmes for investments, working capital, and to refinance borrowings
KUALA LUMPUR (Oct 16): Sentral REIT (formerly MRCB-Quill REIT) has lodged debt programmes with the Securities Commission, through which it plans to raise up to RM3 billion in combined aggregate value to finance its investment activities and general working capital, as well as to refinance its borrowings.