REITs to safeguard business prospects and improve showing

Quick Summary:

PETALING JAYA: Real estate investment trust (REIT) players will be taking the necessary steps to safeguard business prospects and improve their performances to remain competitive.

According to its website, Tower-REIT’s portfolio currently comprises interests in three premium Grade-A office assets, namely, Guoco Tower and Plaza Zurich in Damansara Heights, as well as Menara HLX within the Kuala Lumpur city centre.

Tower-REIT chairman Tang Hong Cheong said the group will continue to improve the performance of its portfolio and actively pursue yield-accretive investment opportunities.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Tower-REIT KIP-REIT Property /Business/Business News REIT YTL Hospitality-REIT

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-21 @ 00:00:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 629 words

Reading Time: 4 minutes read

Sentences: 15 lines

Sentence Length: 42 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23144434

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 11 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 40 minutes ago

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