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Starhill REIT
Starhill Real Estate Investment Trust has a market capitalisation
of approximately RM1,446 million (as at 30 April 2013) and
comprises two prime properties situated in the heart of Kuala
Lumpur's Golden Triangle, namely, the JW
Marriott Hotel Kuala Lumpur and 60 units of serviced apartments,
4 levels of commercial podium and 2 levels of car parks located
within The
Residences at The Ritz-Carlton, Kuala Lumpur ("The Residences
Properties") (collectively referred to as the "Properties").
Starhill REIT was established by a trust deed entered into on 18 November 2005 between Pintar Projek Sdn Bhd and Mayban Trustees Berhad, as manager and trustee, respectively, of Starhill REIT. Listed on 16 December 2005 on the Main Market of Bursa Malaysia Securities Berhad, Starhill REIT's principal investment strategy is to invest in a diversified portfolio of income-producing real estate, used primarily for retail, office and hospitality purposes, with particular focus on retail and hotel properties. The primary objectives of Starhill REIT are to provide unitholders with stable cash distributions with the potential for sustainable growth, principally from the ownership of properties, and to enhance long-term unit value.
Starhill Global REIT
Starhill Global Real Estate Investment Trust (formerly known as Macquarie Prime REIT) was listed on the Singapore Stock Exchange on 20 September 2005. The Singapore-based real estate investment trust had an initial property portfolio comprising stakes in two landmark properties along Singapore's famed Orchard Road shopping belt, namely Ngee Ann City and Wisma Atria. In 2008, Starhill Global REIT acquired seven properties located in the prime areas of Roppongi, Shibuya-ku, Minato-ku and Meguro-ku in Tokyo, and a premier retail property in Chengdu, China.
Most recently, in 2010, Starhill Global REIT acquired Starhill Gallery and parcels in Lot 10 in Kuala Lumpur, Malaysia, and the David Jones Building in Perth, Australia, increasing the trust's portfolio size to approximately S$2.1 billion.
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