PETALING JAYA: IGB Real Estate Investment Trust
(IGB-REIT) has carried out a revaluation on two of its investment properties resulting in a revaluation surplus of RM264mil.
The portfolio of IGB-REIT’s properties is revalued at RM5.45bil as of Dec 31, 2024, or a revaluation surplus of RM264mil from RM5.186bil as of Sept 30. The market value of Mid Valley Megamall is RM4bil, while The Gardens Mall is valued at RM1.45bil as at Dec 31.
