IGB REIT to enhance yields

Meeting the media: (from left) Barragry, Tan and executive assistant to group MD, Chua Seng Yong at the press conference.

KUALA LUMPUR: IGB Real Estate Investment Trust (REIT) will enhance yields on its existing Mid Valley Megamall and The Gardens Mall by carrying out a reconfiguration exercise in both the malls.

“This will increase the net lettable area in the mall by a further 15,000 sq ft to 20,000 sq ft. The entire exercise will be completed by 2018. This is all prime space which can increase our yields,” managing director Datuk Seri Robert Tan said following IGB Corp Bhd’s AGM.