YTL Corp Bhd, which is buying into a Macquarie-led real estate investment trust (REIT) listed in Singapore, intends to launch a second REIT in Malaysia. The assets are estimated to be worth more than RM1 billion when the market improves. The second launch is still in the infancy stage and will be part of a collection of luxury hotels and resorts under the YTL stable.
YTL Corp Bhd is Malaysia’s biggest builder and is also involved in both ownership and management of properties that are of star quality and internationally renowned. For instance, through its hospitality arm fully owns the Cameron Highlands Resort, JW Marriot, Spa Village Resort Tembok Bali in Indonesia, Villa Tassana in Phuket, Thailand and Bray House, Berkshire in the UK. The hospitality arm also has shares in the Majestic Malacca, The Chedi in Phuket, Vistana Hotel in Kuala Lumpur, Penang and Kuantan, Tanjong Jara Resort in Terengganu and Eastern and Oriental Express luxury train. Apart from all this, YTL has plans of acquiring hotels and resorts from next year.
YTL had recently announced that it was acquiring a 26% stake in the Singapore-listed Macquarie Prime REIT (MP REIT) and 50% of Prime REIT Management Holdings Pte Ltd from Macquarie Bank Ltd. MP REIT will be rebranded as Starhill Global REIT after the acquisition.

    2 replies to "Second big REIT to launch shortly"

    • kok leong

      kc, REIT stock now is facing tremendous challenges n hit due to economic slowdown. Some REIT in KLSE main board even loss close to 100% from IPO price.

      But if yoou are looking at dividen payout and income tax relief this could be another tools.


      • KCLau

        Actually, I don’t invest in REIT. I prefer the real properties. As stated by – the advantage is financing.

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