SC Approves IOI Properties REIT For Main Market Listing
August 10, 2026
IOI Properties Group Bhd (IOIPG) has received approval from the Securities Commission Malaysia (SC) for the establishment and proposed listing of its IOIPG Malaysia Real Estate Investment Trust (IOIPG REIT) on Bursa Malaysia’s Main Market.
IOIPG said the Reit will have an initial fund size of 5.5 billion units and acquire a portfolio of properties for a total purchase consideration of RM7.57 billion.
The proposed REIT will have an initial fund size of 5.5 billion units and will acquire a portfolio of properties from IOIPG with a total purchase consideration of RM7.57 billion.
The acquisition will be funded through a combination of units issued to IOIPG and cash. Under the proposal, 5.5 billion REIT units will be issued at 90 sen per unit, while the remaining RM2.65 billion will be paid in cash. The cash portion will be funded through the issuance of sukuk.
The portfolio to be transferred to the REIT comprises several prominent commercial, hospitality and mixed-use properties across Malaysia. These include IOI City Mall, IOI City Towers and PFCC Towers, alongside a number of established hotels such as Putrajaya Marriott Hotel, Le Méridien Putrajaya, Moxy Putrajaya, Four Points by Sheraton Puchong, W Kuala Lumpur and Courtyard by Marriott Penang.
The proposed listing is expected to provide IOIPG with a platform to unlock value from its existing property assets while allowing the group to retain an interest in a diversified portfolio of income-generating properties.
For investors, the REIT will provide exposure to a portfolio spanning retail, office and hospitality assets located in established commercial and tourism destinations.
As part of the proposed offering, approximately 715.61 million units will be made available to retail investors, while up to 1.48 billion units will be offered to institutional and selected investors.
The proposed establishment and listing of IOIPG REIT marks another step in IOIPG’s efforts to optimise its property portfolio and create a dedicated investment vehicle for its income-generating assets. The listing remains subject to the fulfilment of the relevant conditions and requirements set by the authorities.
