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Starhill REIT
Starhill Real Estate Investment Trust ("Starhill REIT") is
currently Malaysia's largest real estate investment trust,
with a market capitalisation of approximately RM1,038 million (USD305 million), and comprises four prime properties
situated in the heart of Kuala Lumpur's Golden Triangle, namely,
Starhill Gallery and the adjoining
JW Marriott Hotel Kuala Lumpur, 137 parcels and 2 accessory
parcels of retail, office, storage and other spaces within
Lot 10 Shopping
Centre ("Lot 10 Parcels"), 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 Board 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 REIT (formerly known as Macquarie Prime REIT)
or Starhill Gbl, was listed on the Singapore Stock Exchange
on 20 September 2005. The Singapore-based real estate investment
trust had an initial property portfolio comprising two landmark
properties in Orchard Road, Singapore.
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, growing its asset portfolio to S$2.2 billion.
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