Source please?

Thank you for the link.

Well, more time for we'all to prepare bullets.

Registration issue, I read.

@katesamsung

So are you going to apply more from IPO?

Wow that needs about 2.5mil capital, assuming you're getting 8% yield.

（吉隆坡27日讯）即將在9月21日上市的怡保花园房產信託（IGB REIT），將在未来3至5年內，把柔佛Southkey Megamall纳入其管理的房產组合。

怡保花园房產信託目前旗下有两项主要资產，分別是谷中城与The Gardens购物广场。

怡保花园董事经理陈俊明表示，將通过收购或建筑本身的购物商场，来为怡保花园房產信託注入资產。

至于海外收购计划，陈氏在招股书推介礼中指出：「欧美目前的经济状况，为我们带来低于重置成本的收购商机，不失为一项可考虑的领域。」

无论如何，陈氏重申，他们较倾向于建筑並管理本身的购物商场，再投入至房產信託。

儘管国內零售业竞爭趋烈，但怡保花园房產信託坚持以零售购物商场的形式经营。陈俊明表示，仅管出现竞爭，但零售商场的营业额仍每年成长中。

「谷中城与The Gardens仍有成长前景。最低限度，我们要確保这两项资產获得良好管理，以让投资者看到其成长。保守估计，这两项资產可带来5%至8%的营业额增长。」

有鑑于谷中城已发展成熟，The Gardens则相对年轻，陈俊明认为，后者可有更快速的成长潜能。

此外，两项资產大部分的租约將在每3年更新一次，每年约有1/3的租客將更新租约。

与其他商场相比，谷中城与The Gardens的租金率非常健康，陈俊明有信心今年可取得8%至10%的营业额成长。

同时，原定于上週三（22日）发布的招股书被延后至今，这主要因为开斋节假期的延误。

怡保花园房產信託冀望通过首次公开发售（IPO）集资8亿3750万令吉。两家商场的上市后总资產值高达46亿令吉，將为国內目前规模最大的零售房產信託。

This post has been edited by panasonic88: Aug 27 2012, 09:17 PM

Yah you are right.

More news:

Johor's own Mid Valley City


KUALA LUMPUR: The proposed Mid Valley City-type mixed development in Johor Baru, via a joint venture between IGB Corp Bhd and Selia Pantai Sdn Bhd, is expected to take four to five years, and has a tentative gross development value of RM6bil.

“Tentatively, the project will have a gross development cost of RM2bil to RM3bil. It took us 15 years to get Mid Valley City to what it is today. Hopefully, it will take us only half that time with the Johor project,” said IGB Corp group managing director Robert Tan.

IGB Corp, the developer of Mid Valley City in Kuala Lumpur, has entered into a conditional memorandum of understanding (MoU) with Selia Pantai for the joint venture.

Johor Menteri Besar Datuk Abdul Ghani Othman, who witnessed the MoU signing, said the project would complement other developemnts in the Iskandar Malaysia economic growth corridor.


From left: Tan, IGB Corp chairman Tan Sri Abu Talib Othman, Selia Pantai MD Datuk Mohamed Zaini Amran, Ghani and Kumpulan Prasarana Rakyat Johor Sdn Bhd chief Executive officer Johar Salim Yahaya looking at a model of the proposed Southkey Megamall in Johor Baru.
A joint-venture company called Southkey Megamall Sdn Bhd will be set up to acquire three parcels of leasehold land measuring 36 acres for the project within the 300-acre Southkey development in Johor Baru.

Selia Pantai is the Southkey developer and is a public-private partnership between the Selia Group and the Johor government via Kumpulan Prasarana Rakyat Johor Sdn Bhd (KPRJ).

IGB Corp will have a 70% stake in Southkey Megamall, with the balance owned by Selia Pantai.

Southkey is located within the Johor Baru city flagship zone A of Iskandar Malaysia and is accessible via five-minute drive from the Sultan Iskandar Customs, Immigration and Quarantine (CIQ) complex as well as via Jalan Tebrau, Jalan Bakar Batu and the Eastern Dispersal Link.

Tan said it was a great location for the proposed Southkey Megamall.

“It is not easy to find a location like this. We are bullish on the Johor market. There are many things happening in Iskandar Malaysia,” he said.

He said Selia Pantai had approached IGB Corp about six months ago with the proposal for the project, which is planned to have a retail mall as well as hotels, serviced apartments and offices.

The proposed Southkey Megamall will have six million sq ft of space, and will include a net lettable area of 1.5 million sq ft, with about 7,000 carparks and can accomodate two major anchor tenants as well as 400 to 500 retail outlets.

IGB Corp will fund its portion of the project via internal funds and bank borrowings.

According to Tan, another six to nine months will be needed to do studies as well as resolve planning approvals and other issues pertaining to the project.

“We hope to start construction in 2013. This is our first project in Johor. we are always on the lookout for opportunities. We want to look in the north also. Ideally, we want to have Mid Valley City-type developments in the south, central and north (Penang),” he said.

This post has been edited by panasonic88: Aug 27 2012, 09:19 PM

Ok! Applied!

First time buying IPO

IGB REIT sees 5%-8% revenue, profit growth by Ho Ching-Ling of of theedgemalaysia.com

KUALA LUMPUR: The management for IGB Real Estate Investment Trust (IGB REIT) has estimated an annual growth of between 5% and 8% in revenue and bottom line for the company ahead of its listing on Sept 21.

IGB Corp Bhd group managing director Robert Tan told reporters at the launch of IGB REIT’s IPO prospectus yesterday that the group would look at optimising the rental and occupancy rates of the two properties under its management presently to drive returns for investors.

The two properties under IGB REIT are Mid Valley Megamall and The Gardens Mall. “Mid Valley Megamall and The Gardens Mall still have a long way to go in terms of bottom line. We have to make sure these two properties are well-managed so that investors will see a year-on-year growth,” Tan said.

According to the prospectus, IGB REIT forecasts total revenue for the six months ending Dec 31, 2012 to be RM197.8 million and RM408.1 million for the full year 2013.

Distributable income for the period ending Dec 31, 2012 and 2013 is forecast at RM108.7 million and RM230.5 million respectively.

Both malls will be acquired from IGB Corp subsidiary KrisAssets Holdings Bhd for RM4.61 billion, of which RM1.21 billion will be in cash and the rest in shares. Subsequently, the proceeds of the disposals will be distributed to KrisAssets shareholders at RM2.43 per share and 5.24 IGB REIT shares for each KrisAssets share.

Although, IGB REIT will only have Mid Valley Megamall and The Gardens Mall under its roof, it will also look at other developments such as IGB Corp’s latest venture, Southkey Megamall, to expand its portfolio.

“We [IGB Corp] recently signed an agreement for the development of Southkey Megamall in Johor. Eventually after three to five years from now, it will hopefully be pumped into IGB REIT,” said Tan. “We prefer to construct and manage the mall ourselves and inject it into the REIT once it is fully leased.”

Group chief financial officer Chai Lai Sim said it will also look at acquisitions both locally and overseas.

“We will not rule out acquisitions as well if the opportunities arise and if they blend with IGB REIT’s strategy. If there are opportunities we will consider them,” Chai said.

The listing will make IGB REIT the largest retail REIT in Malaysia by asset value and is set to raise some RM837.5 million from the offer of 670 million units at a retail price of RM1.25 per unit.

The offer price translates into a forecast annualised distribution yield of 5.1% for its remaining six months of 2012 and 5.37% for the full year 2013.

This post has been edited by panasonic88: Aug 28 2012, 08:51 PM

南洋财经新闻 2012-08-28

隶属怡保花园（IGB，1597，主板产业股）的怡保花园产托（IGBREIT），上市后预计将成为我国最大型的购物商场产托。

怡保花园产托管理私人有限公司董事经理陈俊明表示，以怡保花园产托资产值和市值计算，怡保花园产托将成为全国最大型购物商场产托。

“上市后，资产值近46亿令吉，市值料达42亿5000万令吉，成为国内最大型的购物商场产托。”

陈俊明在今日的招股书推介礼记者会上，发表上述言论。

超越双威产托

上市后，怡保花园产托市值和资产值将超越双威产托（Sunreit，5176，主板产业信托股）。目前，双威产托资产值约为37亿2900万令吉。

怡保花园产托计划公开发售34亿个单位，以每单位1.25令吉计算，总市值达到42亿5000万令吉。

其中供公众认购的部份有6亿7000万个单位，或相等于19.7%，共筹集8亿3750万令吉。

联昌国际投资银行与丰隆投资银行是这项公开售股活动的联合首席顾问，以及联合主要包销商。

新山打造Southkey Megamall

陈俊明表示，近期与Selia Pantai私人有限公司签署协议，计划在柔佛新山打造一座大型零售广场和综合产业，名为SouthkeyMegamall发展计划。

“这项发展计划预计耗时3至5年，冀望未来可将SouthkeyMegamall注入怡保花园产托。不过，目前我们将着重提升谷中城美佳广场和TheGardens广场的服务。

“我们不排除会考虑日后收购欧洲、美国还有其他国家资产。”

陈俊明预测，怡保花园产托2012年资产组合的营业额料将取得8%至10%的增长。

100%派息

“怡保花园产托截至2011年12月杪财年，旗下资产组合（包括谷中城美佳广场和The Gardens广场）营业总额为3亿7540万令吉，净产业收入（NPI）约2亿5040万令吉。”

同时，怡保花园产托计划成立期间至2014年年杪，派发100%的可分配收入予股东，并在较后每半年派发90%可分配收入。

怡保花园产托首次派息将涵盖上市至截至2012年12月31日财年期间，并将在2012财年两个月后派息。

陈俊明指出，若以1.25令吉的散户售价来计算，怡保花园产托的分红回酬预计为5.1%，截至今年12月杪的6个月则为5.4%。

针对上市筹得资金的用途，怡保花园产托管理私人有限公司总财务长谢丽婵表示：“我们预计将所筹得资金现金回退予股东，但这有待怡保花园来跟进这项事宜。”

怡保花园产托首次公开献售

●散户认购日期：27/8/2012
●散户认购截止日期：4/9/2012
●机构认购日期：28/8/2012
●机构认购截止日期：6/9/2012
●抽签日期：7/9/2012
●配股日期：20/9/2012
●预计挂牌日期：21/9/2012

怡保花园产托资产

谷中城美佳广场（Mid Valley Megamall）

●5层楼高拥有1楼夹层的零售购物广场，2层楼的地下停车场以及4层楼的停车场
●一站式购物中心，集454个单位的租户，为本地和外地的家庭与旅客带来生活享乐的好去处
●包括18个放映院的电影院，以及将近6万6395平方尺的展览会场
●截至今年4月10日的评估价值：34亿4000万令吉
●截至今年5月31日的净可租用面积（NLA）：171万8951平方尺
●截至今年5月31日的出租率：99.8%
●截至今年5月31日的停车位：6092个

The Gardens广场

●楼高8层的零售商场，拥有4层楼的地下停车场和4层楼的高架停车场
●拥有209个单位的租户，专攻高收入、本地和海外游客的高档服装商场‧包括7个放映院的电影院（GSC Signature）
●截至今年4月10日的评估价值：11亿6000万令吉
●截至今年5月31日的净可租用面积（NLA）：81万7053平方尺●截至今年5月31日的出租率：99.7%
●截至今年5月31日的停车位：4128个


备注：（1）截至2012年5月31日。
（2）科技资产（KAssets，6653，主板产业股）一旦完成资产脱售和资本分配后，托管人即刻持有怡保花园产托单位。
（3）在科技资产的资本分配下，保荐商将按比例配额，以及保荐商在科技资产的已扩大股本内的股权结构来推测得到的分配单位。

Wow Maybank so nice

RHB Bank charged RM2.50 under Service Charges

Last time I read is, approx one month after IGBR list.

Something like you "own" the share but you can't sell it for that one month.

Research Paper by Alliance.


Attached File(s)
 IGBREIT_0912_researchview.pdf ( 221.33k ) Number of downloads: 162

CIMB eIPO result is out already.

So far CIMB & PBBANK result out.

Any lucky strikers here?

Saw from another forum, a handful of applicants via PBB all were rejected, hmm.

My first IPO, unsuccessful too. Aiyo.

LOL your post really make me laugh

At current Kasset price, RM9.16 is equal to RM1.28 IGBR price.

I plan to to fish on first listing day.

Predict share price will jump from RM1.25 to RM1.35 & hover around RM1.30+.

Pure luck.

Guess Cherroy is smart. Save RM1 processing fees