In its filings, IGB said the proposed disposal of properties to IGB Commercial REIT would be satisfied via the proposed issuance of 2.31 billion undivided interest in IGB Commercial REIT and the balance via cash.
PETALING JAYA: IGB Bhd
’s proposed establishment and listing of IGB Commercial REIT is expected to be completed by the fourth quarter of 2020.
The proposal is already gaining traction, with the proposed disposal of a slew properties of properties in Kuala Lumpur for RM3.16bil.
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