IGB Commercial REIT buys two office floors in Menara Southpoint from IGB for RM62.4 mil cash
The property comprises two office-suite parcels within Menara Southpoint in Mid Valley City, Kuala Lumpur.
UOA REIT 2Q net rental income falls 22% on higher operating expenses; declares 2.9 sen distribution per unit
Its property operating expenses stood at RM11.
IGB Commercial REIT's 2Q NPI up 11%, declares 0.97 sen DPU
It also saw net profit for the quarter increase 2.
IGB’s 4QFY2023 net profit swells to RM85.77 mil, lifts annual earnings to record high
The strong profit growth was driven by higher contributions from all its operating segments, namely the property investment of commercial and retail, property development and hotel businesses.
IGB REIT, IGB Commercial REIT net property income up in 4Q on higher rental income, increased occupancy
Both REITs set Feb 15 as the ex-date for their DPUs, with the amount to be disbursed to unitholders on Feb 29.
The Edge Malaysia Property Management Virtual Talk 2024: Managing a stratified commercial property
Panellists discussed what investors and consumers should watch out for when buying into stratified integrated development.
IGB REIT Management chairman Lin See Yan, CEO Antony Patrick Barragry stepping down after 11 years
IGB REIT Management also announced that Lee Chen Chong and Tan Boon Lee will be standing down as directors come Dec 31, as part of the board reorganisation to facilitate independence and diversity in the boardroom.
IGB REIT's NPI up 10% while sister company IGB Commercial REIT's NPI jumps 22%
The REIT, whose portfolio includes the Mid Valley Megamall and The Gardens Mall, posted a 6.
Propel Global to acquire land in Pahang for RM14.7 mil for proposed commercial development
The construction firm said its wholly-owned subsidiary Propel Global Development Sdn Bhd has inked agreements with the vendor, Goldhill Deluxe Sdn Bhd, to purchase a 14,442 sq m parcel for RM13.
JLL unveils first GPT model for commercial real estate
The bespoke generative artificial intelligence model created JLL Technologies will be used by the company’s staff around the world to provide “CRE insights to clients in a whole new way”.
