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 […]

Speaking at a media briefing yesterday, executive director Stewart LaBrooy. said:

In April 2007, the company had proposed to buy SKB Shutters Manufacturing Sdn Bhd for RM18.5mil. Upon completion of the six acquisitions year-to-date, Axis REIT’s total rental space will spike up 42.6% to 2.35 million sq ft.  “The six new properties will boost Axis REIT’s earnings […]

1.             AmanahRaya Investment Bank Ltd (ARIBL) and Kuwait Finance House (Labuan) Bhd will set up a US$200mil (RM696mil) Islamic Real Estate Fund called Al-NIBRAS to tap into the lucrative property and infrastructure sector.  Kuwait Finance House (M) Bhd managing director K. Salman Younis said:

the fund would invest in properties in Malaysia and markets such as […]

Financials For 4th Quarter ended 30/6/07:For pre-tax profit, posted a 13% increase to RM19.3mil for its fourth quarter ended June 30 compared with RM17mil a year earlier. 

Revenue was also up at RM26mil against RM23.5mil previously. 
Earnings per share stood at 1.74 sen and
Starhill REIT proposed a per share dividend of 2.15 sen. 
For the […]

Let’s hope that our REIT managers have their following wishes come true when they push for changes in the government legislation in the forthcoming budget:

A more liberated equity holding in REIT so as to allow foreign partners to set up REIT companies. Currently, there was a 49% restriction on foreign shareholders and minimum 30% […]