Daily Industry News Update (27 October 2021)

INDUSTRY NEWS (27 OCTOBER 2021)

IGB REIT big beneficiary of revenge shopping on retail sector recovery — CGS-CIMB

CGS-CIMB Securities Sdn Bhd said on Wednesday (Oct 27) that IGB Real Estate Investment Trust (IGB REIT) is a big beneficiary of revenge shopping in the fourth quarter of 2021 on Malaysia’s retail sector recovery, helped by progress in the country’s Covid-19 vaccination to curb the spread of the pandemic.

Axis REIT’s fundamentals remain positive

AXIS Real Estate Investment Trust’s (REIT) financial outlook looks set to improve with a robust outlook for its industrial assets and improving financial position from the proposed private placement exercise

Sime Darby Property launches Hamilton City

Property developer Sime Darby Property Bhd launched Hamilton City in Nilai, Negeri Sembilan on Oct 26, as part of its commitment to develop the new growth corridor in Malaysia Vision