Both IGB REIT assets expected to continue to perform well
Both properties, Mid Valley Megamall and The Gardens Mall, are operating with high occupancy rates of close to 100%, driven by the strategic prime location.
New guideline of allowing REITs to engage in property development a sector catalyst
New guideline of allowing REITs to engage in property development is a catalyst for this sector, as shorter duration and lesser capital expenditure required for constructing industrial property versus acquisitions.
Proposed Johor acquisitions expected to be yield-accretive for Axis REIT
Situated within Kawasan Perindustrian i-Park, Bandar Indahpura, Kulai, Johor
MB World’s Melaka land buy proposal a positive
The move enables the group to expand into Melaka to capture the rising interest in properties, boosted by tourism-related activities.
MQREIT’s office space to remain stable, well-guarded
To date, management has successfully completed 81% of renewals due in 1QFY18.
Sunway REIT 9M profit rise within expectations
The improvement was primarily contributed by newly acquired properties: Sunway Clio Property and Sunway REIT Industrial — Shah Alam 1.
Axis REIT still has room for more acquisitions
Axis Real Estate Investment Trust has proposed to acquire two pieces of land for a total lump sum cash consideration.
Revised guidelines on listed REITs seen positive for growth
We feel the guidelines enhance clarity and improve flexibility to drive the sector.
UEM Sunrise’s proposed land buy expected to raise GDV
The land is located adjacent to the Kepong Metropolitan Park, approximately 13km north west of Kuala Lumpur.
Pesona’s job flow momentum appears to be picking up
Pesona Metro Holdings Bhd announced that it has been awarded a RM216.4 million contract from Gaya Kuasa Sdn Bhd for an affordable housing job in Bukit Jalil.
