Axis REIT Managers Bhd chief executive officer and executive director Leong Kit May shared that the REIT is currently in closed talks with potential acquisition targets valued at RM300 million with heavy inclination towards industrial.
The cautious stance comes as the central bank on Wednesday decided during its first monetary policy meeting of the year to hold the benchmark rate steady at 3%, a move unanimously expected by the market.
The real estate investment trust (REIT) announced a distribution of 1.
“We have been actively managing our balance sheet to create room for acquisitions and if we have a choice, we would be keen to deploy some of our capital again in the industrial and logistics area,” said Tan Choon Siang, the chief executive officer of the trust's manager, CapitaLand Malaysia REIT Management Sdn Bhd.
“At the current OPR level, the monetary policy stance remains supportive of the economy, and is consistent with the current assessment of inflation and growth prospects,” BNM said.
Liew Chin Tong said the Malaysian government will take a cautious, evaluative stance to better understand how these proposed restrictions might influence future developments and partnerships.
DONE DEAL: Condo unit, Verticas Residensi, Bukit Bintang, Kuala Lumpur DONE DEAL: Condo unit, Lakefront Residence, Cyberjaya, Selangor Average transacted prices for industrial properties around Eco Business Park V, Puncak Alam, saw a 166% increase between 2022 and 2023.
Following the lapse of the SA, SCIB said Awana must acknowledge a total indebtedness of RM19.
The URA is envisioned to bring about a wave of urban redevelopment by lowering the bar in buying over strata titles.
The proposed RON95 petrol subsidy rationalisation — set to be implemented by mid-2025 as announced in Budget 2025 — could drive inflation higher, potentially prompting policymakers to act 'sooner than later', BMI said in a commentary note on Friday.
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