KUALA LUMPUR: Paradigm Real Estate Investment Trust (Paradigm REIT) has three hotels and a commercial gateway in its acquisition pipeline for the next...
KUALA LUMPUR: Paradigm Real Estate Investment Trust has three hotels and a commercial gateway in its acquisition pipeline for the next three years.The assets are Hyatt Place Johor Bahru Paradigm Mall, Le Méridien Petaling Jaya, Premier Hotel Klang and Gateway@Kuala Lumpur International Airport Terminal 2.
”Paradigm REIT made a flat debut on Bursa Malaysia, opening at RM1 per share, unchanged from its initial public offering price, on volume of 1.73 million units. It traded within a narrow range and closed at RM1, with 44.58 million shares traded.In May, Paradigm REIT’s IPO garnered strong investor interest, with the public tranche oversubscribed by 1.49 times. The non-Bumiputera portion saw an oversubscription rate of 3.7 times.
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