Executive chairman Datin Alicia Tiah on its Reit:

• TA Enterprise Bhd will list its real estate investment trust (REIT) in Singapore by year-end with an initial fund size of around RM1.2bil otherwise it is just a matter of timing. 
• This would be a very good time to go for a listing with the current bull market.
• This would be a good way for the company to unlock its property value. 
• Believed that Singapore is the best location for our listing exercise as the Singaporean market provides better valuations. The REITs listed on the SGX are doing very well, and the approval period from the regulators is faster.
• The REIT would include:

• The Radisson Hotel in Sydney,

• Commercial building in downtown

• Vancouver in Canada and

• Menara TA One in Kuala Lumpur.

• The REIT a combination of a hotel as well as commercial buildingsCash raised through the REIT would go towards the funding of its ongoing development projects as well as upcoming projects. TA Enterprise expects to unlock more than RM500mil and would use the money generated to buy more properties in China and Vietnam or enlarge its landbank locally.  (14/6/2007 -The Star Malaysia )

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