IGB Commercial Real Estate Investment Trust (“IGB Commercial REIT”) has recently postponed its planned initial public offering (“IPO”), after extending the closing date for the restricted offering to August 20 from July 6. Meanwhile, the REIT’s tentative listing date has been pushed to September 20, from July 30. Here are 10 interesting facts about the IGB Commercial REIT IPO that investors should be aware of.
1. Overview of subject properties
IGB Commercial REIT’s initial property portfolio will consist of 7 Mid Valley City (MVC) properties and the 3 Golden Triangle properties.
The MVC properties consists of Menara IGB & IGB Annexe, Centrepoint South, Centrepoint North, Boulevard Properties, Gardens South Tower, Gardens North Tower and Southpoint Properties. MVC is a premier integrated development in Kuala Lumpur, complemented by an array of amenities are transportation options.
The Golden Triangle properties consist of Menara Tan & Tan, GTower and Hampshire Place Office. The Golden Triangle area in Kuala Lumpur is the core business district of the nation....