RHB IB has raised Sentral REIT’s earning forecast for 2024–2025 (FY2024F–2025F) by 11% after incorporating contributions from the Menara CelcomDigi acquisition.
Noteworthy:
When: November 2023
Axis Real Estate Investment Trust's (Axis REIT) net property income (NPI) for the fourth quarter ended Dec 31, 2023 (4QFY2023) increased by 6.3% to RM66.16 million from RM62.22 million a year ago, on the back of higher revenue.
Sentral Real Estate Investment Trust (Sentral REIT)'s net property income (NPI) rose 30.21% to RM36.26 million for the fourth quarter ended Dec 31, 2023 (4QFY2023), from RM27.85 million a year earlier, on the back of higher revenue.
Property developer YNH Property Bhd said it has received offers to buy its Mont'Kiara retail shopping mall, which sits on a six-acre land, and is expected to finalise the selection of the buyer in a month.
Rapid Synergy Bhd, which came into the spotlight in recent days amid a sharp fall in its share price, has given more details of the freehold land in Sri Hartamas that it is diposing of for RM39 million.
The event gathered stakeholders from more than 40 organisations, including those from government agencies, property developers, associations as well as financial institutions.
The group detailed that the first tranche of Islamic debt papers is secured and has a five-year tenure, maturing on Jan 23, 2029.
With a gross development value of RM600 million, GEM Residences sits on a 5.34-acre freehold land and consists of 978 units spread across four 38-storey towers.
Loke also said signing the concession agreement early gives certainty to the private-sector operator to further invest in the infrastructure.
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