(The edge property, 01/04/2016)
Check out updates on top property news and information about property in Malaysia. All is effective property news for investment decision. This covers all types of property and land transactions, Property Market, Property Investment, Real Estate, Retail Shop Malaysia, Condominium Malaysia, Houses Malaysia and all others property related matters in Malaysia.
Wednesday 11 May 2016
Prasarana eyes potential REIT spin-off
Prasarana Malaysia Bhd is looking at spinning off some of its assets into real estate investment trust (REIT) and pares down its debt. Prasarana currently owns and operates two light rail transit (LRT) lines – Kelana Jaya and Ampang, the KL Monorail line, as well as the Rapid KL bus services including Bus Rapid Transit-Sunway Line, Rapid Penang and Rapid Kuantan.
(The edge property, 01/04/2016)
(The edge property, 01/04/2016)
Pavillion REIT still has appetite for more buys
Last year Pavilion REIT announced that it was buying the Da:men Mall in Subang Jaya for RM486.84 million and the Intermark Mall in Kuala Lumpur for RM160 million. On completion of the proposed acquisition, it will enlarge Pavilion REIT’s portfolio of investment properties from RM4.6 billion to RM4.8 billion. With the expecting gross income growth from 8% to 10%.
(The edge property, 06/04/2016)
(The edge property, 06/04/2016)
Pelaburan Hartanah Bhd aims to add prime commercial and high value properties
Pelaburan Hartanah Berhad (PHB), manager of Amanah Hartanah Bumiputera (AHB), plans to acquire more prime commercial properties and develop high-value commercial projects nationwide. There are additional 1.5 billion being launched. AHB units were from revenue and development of five new assets namely Menara 1 Sentrum and NU Sentral Shopping Centre at Kuala Lumpur Sentral, The Shore Shopping Gallery Melaka, One Precint Penang and Block B Gleneagles Kuala Lumpur.
(iProperty, 08/04/2016)
(iProperty, 08/04/2016)
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