Malaysia’s IOI Properties makes Reit listing a springboard for next wave of growth - The Business Times
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The group is tapping a US$1.9 billion portfolio to fund local projects and will retain a 60% stake in the trust
The group is tapping a US$1.9 billion portfolio to fund local projects and will retain a 60% stake in the trust
[KUALA LUMPUR] Malaysia’s IOI Properties is turning its portfolio of shopping malls, offices, and hotels into a capital engine for its next wave of growth, leveraging a real estate investment trust (Reit) listing to unlock liquidity while retaining control.
Backed by nine commercial assets worth nearly RM7.66 billion (US$1.9 billion), IOIPG Malaysia Reit launched its prospectus on Tuesday (Nov 3) ahead of its debut on Bursa Malaysia’s Main Market on Nov 25.
IOI Properties will retain a 60 per cent stake in the Reit.
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Original Source
https://www.businesstimes.com.sg/international/asean/malaysias-ioi-properties-makes-reit-listing-springboard-next-wave-growth
