Author Topic: New REIT Coming Out in April  (Read 3309 times)

Offline jbtan

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New REIT Coming Out in April
« on: March 14, 2006, 02:10:55 PM »
GLM REIT Management Sdn Bhd, a wholly-owned subsidiary of GuocoLand (Malaysia) Bhd, will float a real estate investment trust (REIT) on Bursa Malaysia's main board early next month. It is the country's fourth REIT to be listed, after Axis-REIT, Starhill-REIT and UOA-REIT. The fund, known as the Tower-REIT, comprises two commercial buildings, Menara HLA and HP Towers, acquired at a total cost of RM351 million. Menara HLA is located in Jalan Kia Peng, near KLCC, and has a net lettable area of 400,000 sq ft. HP Towers, with a lettable area of 350,000 sq ft, is in Damansara Heights. Both properties are over 80 per cent occupied. (Business Times)
« Last Edit: March 14, 2006, 02:13:00 PM by jbtan »

Offline earwax

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Re: New REIT Coming Out in April
« Reply #1 on: September 19, 2006, 02:51:15 PM »
This is how it went  :o

Right beside every great brain there is... Earwax! :)

Offline julez.lim

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Plantation REIT?
« Reply #2 on: September 19, 2006, 05:15:11 PM »
Boustead are setting up an Islamic plantation REIT. What do you think?
They consist of palm oil estates...

Once a while I would read tat crude palm oil price rises and would boost the palm oil companies...
What do you think? Worth investing if the REIT really happens?

Offline Maxforce

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Re: New REIT Coming Out in April
« Reply #3 on: September 19, 2006, 06:13:46 PM »
Now THIS is interesting!!!!
I ll bet one two lots on it at the very least.
Should be a lot of hype and interest - at least for the first few weeks.
Should make money
THANKS FOR THE INFO!!!!
Five points a day, keeps you out of harm's way.

Offline earwax

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Re: New REIT Coming Out in April
« Reply #4 on: September 20, 2006, 12:58:25 AM »
What is an Islamic REIT?  ???
Right beside every great brain there is... Earwax! :)

Offline penang_lim

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Re: New REIT Coming Out in April
« Reply #5 on: September 20, 2006, 01:00:40 AM »
It's true.  How islamic can a REIT be? Like Syariah funds?
When the time comes, all investment knowledges should be passed to the younger generations for further enhancement.

Thx & Rgds;
Lim

Offline Maxforce

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Re: New REIT Coming Out in April
« Reply #6 on: September 20, 2006, 07:18:26 AM »
Change a few terms, dont do anything sinful - voila - Islamic fund!
Five points a day, keeps you out of harm's way.

Offline julez.lim

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Re: New REIT Coming Out in April
« Reply #7 on: September 20, 2006, 08:40:05 AM »
As far as I know, it's according to Syariah laws, in all the ways they operate... But don't think so this will impact much since it's plantation unlike syariah funds...

Offline earwax

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Re: New REIT Coming Out in April
« Reply #8 on: October 27, 2006, 12:39:52 AM »
I heard there's this new REIT managed by Citibank, it's international one... Last year it made 30% but I can't remember the name... has anyone heard about this before?  ???
Right beside every great brain there is... Earwax! :)

Offline Maxforce

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Re: New REIT Coming Out in April
« Reply #9 on: October 27, 2006, 12:42:18 AM »
Forget the REIT oledi... too small gain + high risk of capital depreciation :P
Five points a day, keeps you out of harm's way.