Monday, August 27, 2012


IGB is going to form a Real Estate Investment Trust (REIT) comprising of Mid Valley and The Gardens, and get listed in Bursa on 21 September tentatively. This IGB REIT will be one of the largest REIT listed in Bursa.

Mid Valley and The Gardens are both crowded during lunch time and weekends, especially during festive or mega sales. The rent out rate of the shops there should be high, as well as the rental. After the Pavillion REIT, this should be the next successful shopping malls REIT.

This is the timetable of the IPO:

Opening of application - 27/08/2012
Closing of application - 04/09/2012
Balloting of application - 07/09/2012
Allotment of IPO shares to successful applicants - 20/09/2012
Tentative listing date - 21/09/2012


The IPO price is RM1.25 per share. There are around 200 million units made available for application by Malaysian public.

You may get more details here,

Before you apply for the IPO, it's always advisable that you download and read the prospectus. Only invest in something that you understand. 

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