News about real estate investment trust

KUALA LUMPUR (July 21): Axis Real Estate Investment Trust (REIT) announced a 9.

KUALA LUMPUR (Aug 27): Axis Real Estate Investment Trust’s (Axis REIT) trustee, RHB Trustee Bhd, is acquiring a property located in Seksyen 15, Shah Alam, from Axis Development Sdn Bhd for RM95 million.

KUALA LUMPUR (April 30): Amanahraya Real Estate Investment Trust announced the appointment of Abdul Aziz Abdul Rasheed as its new chief executive officer, effective today.

KUALA LUMPUR (March 25): Office and industrial real estate investment trusts (REITs) in Malaysia are unlikely to offer free rental or rebates during the Movement Control Order (MCO) period currently in place in the country due to the COVID-19 virus outbreak.

KUALA LUMPUR (Feb 22): It is time for Malaysia “to unwind and reverse the 50-year history” of “housing financialisation”, said Kluang MP Liew Chin Tong.

KUALA LUMPUR (Jan 24): Pavilion Real Estate Investment Trust (REIT) said its fourth quarter net property income fell 9.

KUALA LUMPUR (Dec 30): TA Securities Holdings Bhd said today Malaysia's corporate actions in 2020 may include the privatisation of Tiong Nam Logistics Holdings Bhd by major shareholders based on the company's financial position, future cash requirement besides share price and public shareholding spread.

KUALA LUMPUR (Dec 25): Axis Real Estate Investment Trust (Axis REIT) is acquiring a piece of land siting two blocks of factory and a double-storey office building at the Bukit Raja Industrial Area, Selangor from Lion Steelworks Sdn Bhd for RM37 million – about 5% lower than its market value.

KUALA LUMPUR (Nov 27): YTL Hospitality Real Estate Investment Trust’s (YTL REIT) net property income (NPI) grew 11.

  KUALA LUMPUR (Nov 25): IGB Bhd’s announcement that it is going to spin-off its commercial properties into a real estate investment trust (REIT) is a pleasant surprise and marks a step closer to realise the group’s fair value, analysts say.