Excluding Pavilion REIT and Axis REIT, which will continue to be driven by asset acquisitions in the niche industrial segment for the latter and asset injections from its sponsor for the former, CIMB said the pipeline for retail REITS remains dry for the second half of the year. (Menara Axis in Petaling Jaya)
PETALING JAYA: There have been a surge in interest in real estate investment trusts (REITs) following Bank Negara’s move to cut the benchmark overnight policy rate (OPR) by 25 basis points to 3% on July 13.
IGB REIT, MRCB-Quill REIT and YTL Hospitality REIT
have risen to all-time highs.
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