PETALING JAYA: IGB Real Estate Investment Trust
(IGB-REIT) is expected to maintain decent organic growth, underpinned by high occupancy rates and positive rental reversions at both its shopping malls in Kuala Lumpur – Mid Valley Megamall and The Gardens Mall.
Despite the ongoing Metrojaya’s reconfiguration works at Mid Valley Megamall, affecting about 200,000 sq ft, or 11% of net lettable area, IGB-REIT expected impact from rental income to be limited.
It is optimistic that the mall would return to full occupancy rates once the reconfiguration works are completed by the third quarter (3Q) of 2024.
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