Tower REIT is a real estate investment trust that was established to invest in prime office and commercial real estate assets, with the aim of generating stable and regular distributions to Unitholders while growing the Trust’s net asset value (NAV) per Unit.
The Trust was established in 2006, constituted under the Deed dated 17 February 2006, entered into between GLM REIT Management Sdn Bhd as the Manager, and MTrustee Berhad as the Trustee of Tower REIT. Following a successful initial public offering, Tower REIT was listed on the Main Market of Bursa Malaysia Securities Berhad on 12 April 2006.
In 2007, Tower REIT diversified its portfolio objectives to allow for investments in residential and industrial real estate. This was aimed at allowing the Trust to capitalise on broader market opportunities and to enhance its growth prospects. The Trust’s overarching investment objectives remained unchanged – namely, to invest primarily in a portfolio of high-quality real estate, including office buildings, commercial, residential and industrial properties, in order to:
Today, the Trust boasts a portfolio of three Grade A, premium office buildings, valued at over RM800 million. The properties are strategically located in prime locations and feature excellent amenities and ancillary facilities that have attracted a stellar tenant base, ranging from multi-national corporations to up-and-coming start-ups.
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