IOI Properties Plans REIT Launch
Skift Take
IOI Properties Group plans to launch a real estate investment trust seeded with assets valued at about US$1.9 billion. Plus, hotel deal and development news.
Malaysia-based IOI Properties Group, a subsidiary of Vertical Capacity, announced plans to launch a real estate investment trust. The exchange filing said the REIT will be seeded with retail, office, and hotel assets valued at about US$1.9 billion. IOI Properties will retain a 60% stake in the REIT, and the proceeds will help it repay borrowings and fund development. IOI’s hotels include the 488-room Marriott Putrajaya, 249-room Four Points by Sheraton Puchong, and the 150-room W Kuala Lumpur.
IHG Hotels & Resorts announced the signing of a management agreement with NCPL for the development of Holiday Inn Goa Kadamba. The 100-key hotel is expected to open in the first quarter of 2030, strategically positioned to offer access to some of the city’s most iconic landmarks. The hotel will provide a central base for travelers to experience Goa’s rich cultural heritage alongside its scenic coastal charm. The Holiday Inn will
