IGB Commercial REIT Makes Some Purchases Before IPO

Market news —

IGB Commercial Real Estate Investment Trust is buying some properties from its sponsor IGB, ahead of its listing on the Bursa Malaysia:

GB said the REIT's trustee MTrustee signed 10 sale and purchase agreements (SPAs) today with IGB to purchase Menara IGB and IGB Annexe, Centrepoint South, Centrepoint North, Boulevard Properties, Gardens South Tower, Gardens North Tower, Southpoint properties, Menara Tan and Tan, GTower and Hampshire place.

IGB announced on March 31 that IGB Commercial REIT has been established upon the registration of the deed of trust executed between IGB REIT Management and MTrustee, with the Securities Commission Malaysia.