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Oasis Home unit inks JV with wellness brand incubator CTG
According to a statement issued by Oasis Home, CTG Group is one of Malaysia’s leading product incubation platforms, having developed more than 50 healthcare and beauty brands with cumulative sales exceeding RM200mil over the past three years.
ARREIT reported a 14.7% increase in net rental revenue, reaching RM39.0 million, driven by new tenancies, higher occupancy at Vista Tower, new rental income from Sekolah Tinta, and stable renewals at Selayang Mall. Property expenses rose by 26.45% to RM15.3 million due to maintenance and operational activities. Trust expenses increased to RM6.2 million, mainly from higher Manager's fees and administrative costs. Borrowing costs decreased by 7.0% to RM13.2 million, as lower interest was due to a recent drawdown of RM33.9 million, resulting in no interest charge for the quarter.
