Axis REIT's 4Q NPI rises 6.3% to RM66m, declares 2.4 sen income distribution
Quarterly revenue edged up by 6.
Quarterly revenue edged up by 6.
The improvement in gross revenue was also due to the impact of revenue straight-lining over the lease term under requirements of Malaysian Financial Reporting Standard 16 Leases, said Sentral REIT in a bourse filing.
"The information from the Sistem Pangkalan Data Utama (Padu) database could be utilised to ensure a sustainable real estate market via the residual approach.
The sustainability sukuk is priced at a yield of 5% with a periodic distribution of 5% per annum.
GEM Residences also consists of 15 commercial units on the ground floor which are to be leased out.
Ho will continue to serve as executive director of the company until March 31, 2024 to facilitate a smooth transition.
Quarterly revenue, however, increased by 20.
“Bangsar Hill Park has been intentionally designed as purely residential condominiums to complement the commercial aspect in this vicinity.
The group said it has entered into a sale and purchase agreement with Puspajaya Realty Sdn Bhd (PRSB) for the proposed land acquisition.
The plots are also contiguous to two other parcels that Eupe bought in 2022 from SNTDSB for a total of RM55.