Further to my earlier article on REIT, there is an interesting article reported in The Star on :
“the sale of properties by YTL Corp Bhd’s wholly-owned subsidiary YTL Land Sdn Bhd has agreed to dispose of its entire interest in Lot 10 shopping centre, Starhill shopping centre and the JW Marriott hotel - all in Kuala Lumpur - to a Starhill real estate investment trust (REIT) for RM1.2bil. “
There seems to a lot of plus point that YTL’s group would not miss this opportunity:

• of hiving of its immovable less liquid but impressive properties,
• listing the REIT on the main board of the Malaysian Stock Exchange,
• realizing a substantial gain in the books,
• bringing in a substantial cash inflow to repay group loan to save interest and
• still controlling the REIT(51% shareholding) to continue to reap the benefits from the properties though stable cash distribution.

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