Quill Capita REIT’s RM877m fund to buy properties

Quill Capita Real Estate Investment Trust (REIT) is the first REIT and first company to be listed in the Bursa Malaysia for the year 2007.

It made its debut on the Main Board on Jan 8. Its share price closed at 98 sen,or 14 sen above the retail offer price of 84 sen. There were 19.97 million units transacted at prices ranging from 92 sen to RM1.02. 

Some details of Quill Capita REIT : 

• is managed by Quill Capita Management Sdn.Bhd. (QCM) is a collaboration between the Quill Group of companies and CapitaLand Group; 
• has an investment objective of acquiring and investing in commercial properties that include offices,business/technology parks,data processing centres,car parks and retail excluding real estate; 
• currently has four properties in Cyberjaya; 
• its shareholder CapitaLand,recently has established a US$250 (Rm877.5) million Malaysia Commercial Development Fund (MCDF) with Malayan Banking Bhd (Maybank) to provide Quill Capita REIT with the financial muscle to purchase more properties and
• has intention to acquire more high quality assets in the Klang Valley.  

        (The Edge 8/1/07)

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