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Malaysia

Petronas To Extend KLCC REIT Lease By 15 Years November 20, 2020 – KLCC REIT Management Sdn announced that Petroliam Nasional Berhad (Petronas) decided to extend the leases of Menara 3 Petronas and Petronas Twin Towers of KLCC REIT for a further term of fifteen (15) years upon the expiry of the current term of …

Petronas To Extend KLCC REIT Lease By 15 YearsRead More »

MRCB-Quill REIT Q3 Distribution Per Unit Up 21.8% November 12, 2020 – MRCB-Quill REIT announced that its net income grew 21.8% to of RM21.48 million (US$55.2 million) for the third quarter of 2020. This corresponds to a 21.8 increase in its realised earnings per unit (EPU) and distributable income per unit of 2 sen (0.48 …

MRCB-Quill REIT Q3 Distribution Per Unit Up 21.8%Read More »

KLCCP Stapled Group’s Q3 Revenue Down By 11.6% November 11, 2020 – KLCCP Stapled Group’s revenue in July to September declined by 11.6% compared to the same three-month period in 2019, as the pandemic continues to hit operations and profitability. The ongoing pandemic and the various phases of lockdown which came into effec from March …

KLCCP Stapled Group’s Q3 Revenue Down By 11.6%Read More »

Mall Closures To Put A Dent On REIT Earnings (The Malaysian Reserve) October 13, 2020 – THE spread of Covid-19 infections and enforcement of controlled movement are set to impact shopping malls and likely dent earnings for real estate investment trusts (REITs) for the current quarter, analysts said. Hong Leong Investment Bank Bhd (HLIB) research …

Mall Closures To Put A Dent On REIT Earnings (The Malaysian Reserve)Read More »

UOA REIT To Buy Corporate Tower for RM700 M (US$168.23 M) September 29, 2020 – The trustee of UOA Real Estate Investment Trust has entered into a conditional sale and purchase agreement with UOA Development Bhd’s unit Distinctive Acres Sdn Bhd for the proposed acquisition of UOA Corporate Tower for RM700 million (US$168.23 million) cash. To …

UOA REIT To Buy Corporate Tower for RM700 M (US$168.23 M)Read More »

Al-Salam REIT Announces Proposed Private Placement Of Up To 116,000,000 Units March 5, 2020- Al-Salam Real Estate Investment Trust has announced a fund raising through a proposed private placement of 116,000,000 units, representing up to 20% of its total issued units. Read More…