Three suitors for TA Enterprise REIT

Three suitors for TA Enterprise REIT
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KUALA LUMPUR: TA Enterprise Bhd, which is aiming to list its real estate investment trust (REIT) by early next year, is being courted by three stock exchanges, executive chairman Datin Alicia Tan Kuay Fong said.

The properties to be injected into the REITs are Terasen Centre in Vancouver, Canada, Radisson Plaza Hotel in Sydney and Menara TA One in Malaysia.

Together, the properties have a market value of RM1.2bil.

Tan said TA Enterprise had been approached by the stock exchanges of Malaysia, Singapore and Australia to list the REITs on their boards.

Currently, the Singapore Stock Exchange seems more attractive compared with the other two stock markets for products like REITs, she said.

But nothing had been finalised yet, and advisors for the REITs were also yet to be appointed, she said after the company AGM yesterday. – Bernama