IOIProp may list its properties under REIT

Rakuten Trade Research is positive about IOIProp’s “aggressive expansion”.

PETALING JAYA: IOI Properties Group Bhd (IOIProp) is showing no sign of slowing down from its property acquisition activities, with its latest buy – the Tropicana Gardens Mall (TGM) here – garnering mostly positive views from analysts.

The group on Tuesday announced its latest deal, the proposed takeover of the mass rapid transit station-linked mall for RM680mil, which is actually about 28% below the book value of RM944mil.