IOI Properties wins SC approval for RM7.58b REIT listing
IOI Properties Group Bhd (IOIPG) secured Securities Commission Malaysia (SC) approval to list a real estate investment trust (REIT) with an initial portfolio valued at RM7.58 billion, the group said in a Friday filing.
Source: The Edge Malaysia · August 8, 2026 at 5:42 AM · AI-assisted report
Single-sourceBURSA MALAYSIA, 8 AUGUST 2026 —
IOI Properties Group Bhd (IOIPG) secured Securities Commission Malaysia (SC) approval to list a real estate investment trust (REIT) with an initial portfolio valued at RM7.58 billion, the group said in a Friday filing.
Market Impact
The proposed IOIPG Malaysia REIT will open with 5.5 billion units on Bursa Malaysia’s Main Market, the property developer said. The offering is priced at 90 sen per unit, raising RM4.95 billion through the issuance, while the remaining RM2.65 billion will be funded via a sukuk programme to complete the asset acquisition.
The REIT will acquire nine properties from IOI Properties subsidiaries for RM7.58 billion. The portfolio is anchored by the IOI City Mall, valued at RM5.1 billion and accounting for roughly two-thirds of the total acquisition value. The remaining assets include IOI City Towers, PFCC Towers and six hotels: Putrajaya Marriott Hotel, Le Méridien Putrajaya, Moxy Putrajaya, Four Points by Sheraton Puchong, W Kuala Lumpur and Courtyard by Marriott Penang.
The RM7.58 billion purchase will be financed through the issuance of 5.5 billion units at 90 sen each and RM2.65 billion in cash from a sukuk programme. Retail investors can subscribe to 715.61 million units, including 550.61 million units reserved for existing IOI Properties shareholders. Eligible shareholders will receive one REIT unit for every ten IOIPG shares held on an entitlement date to be announced later.
The public tranche will offer 110 million units, while 55 million units are earmarked for eligible persons. The institutional portion totals up to 1.48 billion units, including 687.5 million units set aside for Bumiputera investors approved by the Ministry of Investment, Trade and Industry (Miti) and up to 796.89 million units for other Malaysian and foreign institutional investors.
SC’s approval is conditional. At least 12.5% of the REIT’s enlarged issued units must be allocated to Bumiputera investors approved by Miti. IOI REIT Management Sdn Bhd, the REIT manager, must also secure a restricted REIT fund management licence from the SC and submit an operational audit report within six months after the listing.
Related: IOI Properties Group Bhd · Securities Commission Malaysia · Bursa Malaysia