IGB to set up and list real estate investment trust


KUALA LUMPUR: IGB Corp Bhd has proposed to establish and list a real estate investment trust (IGB REIT) on the main market of Bursa Malaysia.

In a filing with Bursa Malaysia, IGB said the initial investment portfolio of IGB REIT shall comprise an eight-storey retail mall known as The Gardens Mall and a five-storey retail mall with one mezzanine floor known as Mid Valley Megamall, which are currently owned by the wholly-owned subsidiaries of KrisAssets Holdings Bhd, which in turn is a subsidiary of IGB

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