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Archive for September, 2007



Cinema REIT

Entertainment Properties Trust (NYSE:EPR) Kansas City-based company which became the first real estate investment trust (REIT) to focus exclusively on cinema megaplexes and the themed retail centers is the largest owner of entertainment related real estate in North America, owning megaplex movie theatre properties, entertainment retail centers and other specialty properties in metropolitan markets in [...]



This article should be read in conjunction with other articles Part 1 to 6 on evaluation of REITs.For those unfamiliar, append below are some key drivers which can impact the capital appreciation of a REIT :- Interest rates regime Acquisition trails of a Reit to generates profit growth Professionalism of the REITs Managers Changes in [...]

Append below a summary of the tax incentives for the Malaysian REITS which impact the REITS and/ investors: (a) Existing Tax Incentives before Budget 2007 Gains arising from disposal of real property to REITS are exempted Stamp duty on transfers of real property to REITS are exempted (b) Further Incentives for REITS as announced in [...]

Chinese property trust RREEF China Commercial Trust listed in Hong Kong had asked for an independent valuation of its Beijing office complex after it discovered tenants were paying less rent than expected. This case highlights the risks in China’s booming but immature property market, the Hong Kong-listed real estate investment trust (REIT) said actual rents [...]

Although China has not yet drawn up rules allowing REITs, two mainland Chinese property trusts are listed in Hong Kong namely  RREEF China and GZI REIT  Earlier there is The CapitaRetail China Trust which  is listed in Singapore. REITs, which pay most of their rental income as dividends, have caught on across Asia in the [...]

Chinese Estates Holdings Ltd said it would sell eight commercial and residential property interests in China and Macau to Chi Cheung Investment Co Ltd for HK$10.45 billion (RM4.7 billion). The property group said in a statement late on Tuesday the price tag was based on the first valuation of the Macau property. Chinese Estates also [...]

Macquarie Global Property Advisors, a real estate investment firm partly owned by Australia’s Macquarie Bank, said late on Sept 19 it had submitted the top bid of S$2.02 billion (RM4.61 billion) for a one-hectare plot of land in downtown Singapore. The firm’s bid in the government land sale topped a rival offer from a consortium [...]