Pavilion REIT’s operating expenses to remain high in FY2017
We believe net property income margins will improve once management rebrands and realigns assets.
Gamuda best transportation proxy for slew of new jobs
Its strong reputation for mass rapid transit Line 1 and the project delivery partner (PDP) appointment for the Penang Transport Master Plan provide it with leverage for other large-multiplier projects such as light rail transit 3, Gemas-Johor Baru double tracking and Pan Borneo Highway Sabah.
MRCB-Quill REIT to face challenges from new office space entering market
MQREIT has the rights of first refusal to Malaysian Resources Corp Bhd’s stable of investment properties, which may carry values of up to RM1.5 billion in aggregate.
EcoWorld to buy Puncak Alam land for RM1.18 bil
The landbank has a potential gross development value (GDV) of RM15 billion, comprising an integrated township (Eco Gardens) and a business park (Eco Business Park V) which is accessible via the Kuala Lumpur-Kuala Selangor Expressway, Guthrie Corridor Expressway and North-South Expressway.
UEM Sunrise achieves RM600 mil sales in 1H15 due to launch delays
While 75% of UEM Sunrise’s landbank is located in Nusajaya, the management is looking to diversify beyond Nusajaya. One of the options would be land swap arrangements to leverage on its large land bank in Nusajaya, which we have not priced in at this point.
Axis REIT’s acquisition efforts provide long-term growth potential
Axis Real Estate Investment Trust (Axis REIT) revealed at its first half of 2015 briefing that lease renewals were going smoothly: For the 12.9% of net leasable area expiring in 2015, about 55% has been renewed at a positive average reversion rate of 7.8%.
