Quill Capita buys two properties for RM215mil
Chief executive officer Chan Say Cheong ofВ Quill Capita Management Sdn Bhd (QCM), the manager of Quill Capita Trust (QCT) – a commercial real estate investment trust (REIT) listed on Bursa Malaysia which presently owned the properties under QCTВ four buildings in Cyberjaya announced that:
QCM has targeted to complete the following acquisition of the two properties in Kuala Lumpur for RM215mil by the fourth quarter this year :
- Wisma Technip (Wisma Technip is a 100% occupied office building with a net lettable area of 233,021 sq ft.)В &
-
Plaza Mont‘ Kiara (73,408 sq ft of lettable commercial space leased to food and beverage and retail tenants enjoys 90% occupancy.)
QCM also proposed placement of new units in QCT to raise up to RM377.2mil to finance the proposed acquisition and other requirements.The proposed placement would increase the fund size from 238.7 million units to up to 490.1 million units.В By adding the aforesaid two properties, QCM is targeting to double QCT’s asset size to RM560mil by year-end (
- Two Projects To Be Injected Into Quill Capita Trust
- Quill Capita REIT’s RM877m fund to buy properties
- Vision City Likely To Be In Quill Capital Trust
- August’07 Malaysian Reits Update
- AmInvestment Launched Property Fund To Invest In Properties & REIT
- Axis REIT buying five properties
- June’07 Malaysian Reits Update
July 7, 2007
Posted in: Activity-Based Costing

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