PETALING JAYA: IOIPG Malaysia Real Estate Investment Trust (IOIPG-REIT) has entered into an underwriting agreement with six financial institutions for its initial public offering (IPO) on the Main Market of Bursa Malaysia.
In a statement, IOIPG-REIT said the agreement was entered into by IOIPG-REIT Management Sdn Bhd, the manager of IOIPG-REIT, together with its sponsor, IOI Properties Group Bhd
(IOIPG) and Trustee, MTrustee Bhd, with Maybank Investment Bank Bhd (Maybank IB), AmInvestment Bank Bhd, CIMB Investment Bank Bhd, Hong Leong Investment Bank Bhd, RHB Investment Bank Bhd and UOB Kay Hian (M) Sdn Bhd.
“Pursuant to the underwriting agreement, the joint underwriters will underwrite an aggregate of 165 million offer units under the public offering and restricted pink form offering, subject to the clawback and reallocation provisions,” IOIPG-REIT said.
IOIPG-REIT is a real estate investment trust established with the principal investment policy of investing, both directly and indirectly, in a diversified portfolio of income producing real estate assets located in Malaysia used for retail, commercial, office, industrial and hospitality purposes and such other non-real estate assets in Malaysia.
IOIPG-REIT’s initial asset portfolio, comprising nine assets in strategic locations across Selangor, Kuala Lumpur City Centre and Penang valued at approximately RM7.66bil as at May 31, 2026, is anchored by IOI City Mall, Malaysia’s largest retail mall, which boasts a net lettable area (NLA) of more than 2.5 million sq ft.
Rounding out the portfolio are six hotels operating under Marriott International’s family of brands, namely Putrajaya Marriott Hotel, Le Méridien Putrajaya, Moxy Putrajaya, Four Points by Sheraton Puchong, W Kuala Lumpur, and Courtyard by Marriott Penang, with an aggregate of 1,920 guest rooms, as well as two office properties, IOI City Towers and PFCC Towers, with a combined NLA of approximately 1.83 million sq ft.
The IPO entails up to 2.2 billion offer units, comprising a retail offering of 715.6 million offer units (approximately 13% of the total issued fund size of 5.5 billion units upon listing subject to clawback and reallocation provisions, and an institutional offering of up to 1.48 billion offer units (up to approximately 27% of the total issued fund size of 5.5 billion units upon listing), both subject to clawback and reallocations, as well as the over-allotment option.
Maybank Investment Bank and AmInvestment Bank are the joint principal advisers, joint global coordinators, joint bookrunners, joint managing underwriters and joint underwriters for the IPO.
