CEO of Tower REIT Explains Move Into Co-Living Spaces

News about Tower REIT

The Edge interviews Eusoffe Chua, CEO of Tower REIT, about the trust plans to develop co-living spaces into the Menara HLA building:

On April 25, it announced the makeover of one of two commercial properties in its portfolio — the 32-storey Menara HLA in Jalan Kia Peng, KL. It now envisions a building that combines traditional tenants and small companies on flexible leases with co-living spaces, food and beverage (F&B) outlets, a gym, an auditorium and customisable event spaces.

Tower REIT
Price0.825 MYR
NAV1.893 MYR
Yield (4 quarters)7.19%
Gearing0.0%