Ekovest to keep EkoCheras Mall for planned REIT, says chairman

KUALA LUMPUR (July 19): Ekovest Bhd does not intend to sell its EkoCheras Mall as it plans to keep it for recurring income and to group it with other properties that provide recurring income, like the group’s RM4 billion River of Life project, to form a real estate investment trust (REIT), said its executive chairman Tan Sri Lim Kang Hoo (pictured).

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EkoCheras Mall secures key tenants

KUALA LUMPUR (July 18): Property developer Ekovest Bhd secured key tenants including Golden Screen Cinemas (GSC), Village Grocer, Borders Books, Starbucks and Coffee Bean for its EkoCheras Mall, which is within the RM2.

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Glomac’s FY17 sales target appears aggressive

Glomac Bhd (June 20, 78 sen) Maintain hold with an unchanged target price (TP) of 76 sen: Glomac Bhd’s financial year ended April 30, 2016 (FY16) year-on-year (y-o-y) core net profit growth of 28% came in as per our expectations but below consensus.

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Sunway Velocity Mall 80% leased

PETALING JAYA (May 26): Sunway Velocity Mall has leased out 80% of its net lettable area of over a million square feet ahead of its opening scheduled for October, said Sunway Shopping Malls and Theme Parks CEO HC Chan.

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