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July’07 Malaysian Reits Update

Earlier articles on Reits and the various benefits/reasons for setting up refers.
Append below a listing of what’s happening in July’07 as reported in The Star Malaysia:

 Starhill Reit fourth quarter profit rises 13% to Rm19.3
 Accord on Rm689m Islamic Real Estate Fund
 Vision City likely to be in Quill Capital Trust
 Reits Managers pushing for relaxation of rules
 AXIS Reit […]

June’07 Malaysian Reits Update

Earlier articles on Reits and the various benefits/reasons for setting up refers.
Append below a listing of what’s happening in June ’07 as reported in The Star Malaysia:

  TA Plans Rm1.2bil Reit
  MAAKL Mutual to launch its first Reit Fund
  Quill Capita buys two properties for Rm215m
  Amanah Raya-MOU signed for USD250m Reit
  SEGI to sell property to AmanahRaya […]

AmFirst Real Estate Investment Trust (AmFirst REIT) has proposed to acquire Meda Inc Bhd’s mixed commercial development, The Summit Subang USJ, for RM260mil in cash.  The proposed acquisition would include:

Menara Summit,The Summit Hotel and a six-storey retail podium,

This acquisition would be funded with bank borrowing and/or equity, the company.

it is expected to provide unit […]

The Quill Group of Companies is likely to inject two development projects it is undertaking in

Klang
Valley into its real estate investment trust (Reit), Quill Capita Trust (QCT).  The two projects are:

HSBC’s new headquarters in Kuala Lumpur (Quill Group recently signed a long-term lease with HSBC to develop, design and build the bank’s headquarters, […]

Vision City, the integrated development project, could possibly be injected into Bursa Malaysia-listed Quill Capital Trust (QCT) on its completion in 2010 by the Quill Group of Companies (Quill group). Quill Retail Malls Sdn Bhd, a subsidiary of Quill group, on Monday signed an agreement with Rashid Hussain Bhd to acquire the uncompleted project at Jalan […]



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