News about reit

The filing did not disclose the value of the retrofit works.

The initial property portfolio includes the Bukit Tinggi Shopping Centre, which will be acquired from Gemilang Waras Sdn Bhd, a wholly-owned unit of WCT, for RM680 million, with RM350 million settled in units and RM330 million in cash.

The disposal is expected to generate a net gain of RM9 million, which Axis REIT plans to fully distribute the sum.

The acquisition brings Hektar REIT’s portfolio to eight properties, which currently include shopping malls and an educational facility.

The REIT’s distributable income for 4QFY2024 stood at RM88.

HLIB also highlighted IOI Properties as an overlooked beneficiary of the Johor-Singapore Special Economic Zone (JS-SEZ), holding the largest landbank in Johor among developers, totalling 5,200 acres.

When the three properties are fully leased, CLMT is expected to generate an annual gross rent of RM5.

The group — comprising KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust — declared a fourth interim dividend of 17.

Established in 2006, Pelaburan Hartanah is the property investment arm of Yayasan Pelaburan Bumiputera, aimed at facilitating Bumiputera investments in commercial properties.

This marks the highest DPU for Sunway REIT since it was listed on the Main Market in July 2010.