PETALING JAYA: IOI Properties Group Bhd Real Estate Investment Trust (IOIPG REIT) has signed an underwriting agreement with six financial institutions to underwrite an aggregate of 165,000,000 offer units under the public offering and restricted pink form offering, subject to the clawback and reallocation provisions.
IOIPG REIT is a trust established with the principal investment policy of investing, both directly and indirectly, in a diversified portfolio of income-producing real estate assets.
The agreement was entered into by trust manager IOIPG REIT Management Sdn Bhd, together with its sponsor IOIPG and trustee MTrustee Bhd, with the six financial institutions.
They are Maybank Investment Bank Bhd, AmInvestment Bank Bhd, CIMB Investment Bank Bhd, Hong Leong Investment Bank Bhd, RHB Investment Bank Bhd and UOB Kay Hian (M) Sdn Bhd.
Maybank Investment Bank and AmInvestment Bank are the joint principal advisers, joint global coordinators, joint bookrunners, joint managing underwriters and joint underwriters for the initial public offering (IPO). The IPO entails up to 2,200,000,000 offer units, comprising a retail offering of 715,614,537 offer units.
IOIPG REIT's initial asset portfolio, comprising nine assets, anchored by IOI City Mall which boasts a net lettable area (NLA) of more than 2.5 million sq ft. The remaining assets comprise six hotels operating under Marriott International, namely Putrajaya Marriott Hotel, Le Méridien Putrajaya, Moxy Putrajaya, Four Points by Sheraton Puchong, W Kuala Lumpur and Courtyard by Marriott Penang, with an aggregate of 1,920 guest rooms, as well as two office properties, IOI City Towers and PFCC Towers, with a combined NLA of approximately 1,832,938 sq ft.
IOIPG REIT is expected to launch its prospectus in the fourth quarter of 2026, ahead of its proposed listing on the Main Market of Bursa Securities.
Stay ahead of the crowd and enjoy fresh insights on real estate, property development and lifestyle trends when you subscribe to our newsletter and follow us on social media.
