IGB Commercial REIT buys 10 properties from IGB Group for RM3.16bil

KUALA LUMPUR (Bernama) -- The newly-established IGB Commercial Real Estate Investment Trust (IGB Commercial REIT), through its trustee MTrustee, has inked 10 agreements to buy properties worth RM3.16 billion from IGB Bhd’s subsidiaries and 50 per cent-owned joint-venture companies under its proposed listing exercise.

In a filing with Bursa Malaysia today, IGB said the vendors would dispose of several properties located in Kuala Lumpur, including GTower for RM739.8 million, Southpoint Properties (RM573.5 million), Gardens South Tower (RM391.5 million), Gardens North Tower (RM382.1 million), and Menara Tan & Tan (RM239.1 million).