With the deal being voted down, Turiya said, in a separate filing, it will sell its entire stake in property arm Turiya Properties Sdn Bhd, which was meant to buy Wisma Sentral Inai, to Shamir for RM0.
The healthcare-focused REIT said it has signed a sale and purchase agreement (SPA) with Icon Square Sdn Bhd (ISSB) to dispose of a six-storey purpose-built building with a basement level—currently operated as KPJ Healthcare College, Penang—together with all fixtures and fittings.
Under the current year of assessment (YA) 2016-2025 structure, most investors enjoy a 10% final withholding tax, resident corporations face 0%, and non-resident corporations 24%.
Before joining Sunway REIT Management Sdn Bhd—the manager of Sunway REIT—he was CEO of Sentral REIT Management Sdn Bhd, the manager of Sentral REIT.
MVS Mall, located at the core of Johor Bahru’s integrated Mid Valley Southkey development, is fully occupied across its 1.
The dip was mainly due to higher maintenance costs, which, according to its bourse filing, drove property operating expenses higher.
The programme will have a perpetual tenure and allows for the issuance of medium-term notes of up to RM2 billion.
Meanwhile, the industrial segment also delivered strong growth, bolstered by Sunway REIT Industrial—Prai, which was acquired in October 2024.
Revenue for the quarter, however, rose marginally to RM48.
This marks Axis REIT’s third acquisition of the year, bringing its total investments this year to RM930 million, compared with eight acquisitions worth RM719 million in 2024.
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