AdvertisementAdvertisementBusiness03 Nov 2026 03:32PM (Updated: 03 Nov 2026 03:44PM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST KUALA LUMPUR/HONG KONG, Nov 3 : IOI Properties Group launched an IPO for its property trust on Tuesday, seeking to raise about 2.1 billion ringgit ($515.7 million), ahead of its planned November 25 listing on Bursa Malaysia. Maybank Investment Bank, a joint principal adviser on the offering, said the IPO would be Malaysia's largest-ever for a real estate investment trust.Here are more details:• The offering values IOIPG Malaysia Real Estate Investment Trust (REIT) at about 5.3 billion ringgit, based on a retail price of 96 sen per unit, its prospectus showedShow MoreShow Less• The trust commands a portfolio of nine properties valued at 7.66 billion ringgit, including IOI City Mall, Malaysia's largest retail mall, and six Marriott-branded hotels• IOI Properties is offering up to 2.2 billion units in IOIPG REIT. The sale includes up to 715.6 million units for retail investors and up to 1.48 billion units for institutional investors, according to the prospectus• The company will receive the proceeds of the share sale but did not disclose what it plans to do with the money• IOI City Mall had more than 2.5 million square feet of leasable space and a committed occupancy rate of 97.9 per cent as of May 31, the prospectus showed• It forecasts a distribution yield of 6.6 per cent for the year ending December 31, 2027. IOI Properties plans to retain up to 60 per cent of the trust's units after the listing($1 = 4.0720 ringgit)Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST