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.
No. of Assets
Total Portfolio Value
Tower REIT’s objective is to invest in quality office, commercial, residential and industrial real estate to generate regular and stable distributions to Unitholders, and to achieve medium to long-term growth in its NAV per Unit.
Our approach towards achieving this is centered on four strategic focus areas:
Identifying and securing strategic acquisition targets that can offer sustainable income streams and capital appreciation potential, and that would complement the Trust’s overall portfolio strategy
Optimising the utilisation of space within the portfolio to maximise the long-term returns on all real estate assets
Ensuring the relevance and appeal of the portfolio by repositioning and aligning the assets to meet the trends and needs of the market, tenants and consumers
Reviewing the portfolio to identify assets for potential divestment consideration
Seeking portfolio optimisation opportunities from external parties as well as from within the Hong Leong Group
Providing premium office space solutions and superior service levels that exceed tenants’ evolving business needs and expectations
Implementing asset enhancement initiatives to ensure the portfolio’s relevance and to enhance sustainability
Embracing technology and introducing tech-enabled solutions to improve portfolio and tenant management functions
Executing proactive leasing and marketing strategies
Optimising occupancy levels, extending the weighted average lease expiry (WALE), as well as managing the portfolio’s lease expiry profile to ensure a resilient and stable income stream
Extracting operating efficiencies and cost savings through efficient supply chain management
Optimising the capital structure to ensure sufficient liquidity and to maximise returns to Unitholders
Managing the debt maturity profile to reduce refinancing risks
Exploring alternative funding sources in debt and equity markets to minimise financing costs
Limiting exposure to fluctuations in interest rates
Nurturing, motivating and retaining a capable and passionate team to drive growth, innovation and operational excellence
Investing in training and development programmes to raise employees’ competency levels and skillsets
GLM REIT MANAGEMENT SDN BHD (659315-H)
Level 13, Menara Guoco (Guoco Tower),
No. 6 Jalan Damanlela, Bukit Damansara,
50490 Kuala Lumpur, Malaysia
Tel No: 03-2726-1000
Fax No: 03-2726-1001
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