The market value of Mid Valley Megamall is RM3.79bil.
KUALA LUMPUR: IGB Real Estate Investment Trust
(IGB-REIT) carried out a revaluation on two of its properties resulting in a revaluation surplus of RM166mil.
“The portfolio of IGB-REIT’s properties is revalued at RM5.186bil or a revaluation surplus of RM166mil from RM5.02bil previously,” IGB-REIT said in a filing with Bursa Malaysia.
The market value of Mid Valley Megamall is RM3.79bil while The Gardens Mall is valued at RM1.396bil as at Sept 30.
IGB-REIT said the revaluation was carried out by Henry Butcher Malaysia Sdn Bhd.
The new valuations will be reflected in IGB-REIT’s unaudited interim financial results for the third quarter of 2023.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
