daily menu » rate the banner | guess the city | one on oneforums map | privacy policy | DMCA | news magazine | posting guidelines

Go Back   SkyscraperCity > Asian Forums > Forum Pencakar Langit Malaysia > Skyscrapers & Buildings

Skyscrapers & Buildings refurbishments and completed skyscrapers and high-rise buildings

Global Announcement

As a general reminder, please respect others and respect copyrights. Go here to familiarize yourself with our posting policy.


Thread Tools
Old April 22nd, 2015, 03:48 PM   #1
Registered User
davidwsk's Avatar
Join Date: Feb 2006
Location: Kuala Lumpur
Posts: 10,872
Likes (Received): 1842

MENARA ING | Kuala Lumpur (Jalan Raja Chulan) | 20 fl | Completed

Menara ING to be converted to Holiday Inn Express


Tower REIT to gain RM40.4m from Menara ING sale

Monday, 29 December 2014

KUALA LUMPUR: Tower Real Estate Investment Trust (REIT) expects to realise a gain of RM40.40mil from the sale of Menara ING here to Goldstone Kuala Lumpur Sdn Bhd.

GLM REIT Management Sdn Bhd, the manager of Tower REIT, said on Monday that of the RM40.40mil, about RM15.04mil had been recognised as fair value gains in the prior years.

AmTrustee Bhd, the trustee of Tower REIT, had signed a sale and purchase agreement with Goldstone Kuala Lumpur for the proposed sale of the property which includes 19 office parcels and 190 car park bays.

“The proposed disposal will have a favourable impact on the net gearing of the trust. Based on the net asset value (NAV) per unit of the trust as at Sept 30, 2014 of RM1.7948, the proposed disposal is expected to result in an increase in the NAV per unit by approximately 5%,” it said.

The proposed disposal would enable the Trust to realise its investment in the property at an attractive price.

“Proceeds from the proposed disposal will be used to repay bank borrowings and will enable the manager to pursue acquisition opportunities to grow the Trust,” AmTrustee said.

ILM, dengilo liked this post
davidwsk no está en línea   Reply With Quote

Sponsored Links


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Related topics on SkyscraperCity

All times are GMT +2. The time now is 02:24 AM.

Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2015, vBulletin Solutions, Inc.
Feedback Buttons provided by Advanced Post Thanks / Like (Pro) - vBulletin Mods & Addons Copyright © 2015 DragonByte Technologies Ltd.

vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2015 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us | privacy policy | DMCA policy

Hosted by Blacksun, dedicated to this site too!
Forum server management by DaiTengu