New lease of life for Quill, MRCB to become major shareholder


PETALING JAYA: Quill Capita Trust Bhd (QCT) will become one of the biggest real estate investment trusts (Reits) in Malaysia in three years with an asset base of some RM5bil from RM1.6bil presently, said Malaysia Resources Corp Bhd (MRCB) group managing director Datuk Mohamad Salim Fateh Din.

“We intend to inject assets worth at least RM1bil (into QCT) every year. We will inject these assets either from MRCB’s side or from Quill Group. On MRCB’s side we have a pipeline of some RM20bil worth of properties to be injected in over the next few years,” Salim told StarBiz.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Quill , MRCB , REIT

   

Next In Business News

Trading ideas: Scientex, Solarvest, Supermax, Salcon, Pentamaster, Globetronics, Mr DIY, MCE
Salcon unit bags RM9.7mil sewerage deal
Brisk sales for Sunway’s Velocity 3
Scientex to deploy large-scale solar PV system
Velesto poised to see stronger earnings in 2024
Minimal impact forecast for breweries from beer price hike
Wage reform concerns
VSTECS shares hit all-time high
Brahmal is major shareholder of MCE Holdings
Car sales expected to moderate this year

Others Also Read