Setting an upbeat tone

Siva: REITs purchase assets that are almost fully occupied and have triple-net leases in place.

THE first two months of the year has already seen some RM350mil worth of acquisitions by local real estate investment trusts (REITs), seemingly setting the tone for what investors can expect for 2024.

Among the notable acquisitions include YTL Hospitality Real Estate Investment Trust’s (YTL-REIT) purchase of the Syuen Hotel in Ipoh, Perak, for RM55mil, earlier this month.