Guidance in the News

4 March 2016 Guidance Investments to hit RM200m target

by: Kavithah Rakwan

04 March 2016, Malaysian Reserve | Guidance Investments Asia Real Estate Partners LLP said it is in a strong position to hit its next target closure of up to RM200 million this year after it completed its first closure in the fourth-quarter of 2015 (4Q15) at RM100 million.

In a press statement yesterday, the fund said it had closed an additional four properties comprising warehouses and distribution centers in Malaysia, Indonesia and Thailand, which are all located within close proximity to dense transport hubs and highway networks.

“They also cover a total net area of approximately 100,000 sq m, with an investment of US$50 million (RM206.56 million). The fund targets to return an average of 6% to 7% per annum over seven years,” a statement from the fund said.

The fund’s investors in its initial closing included government-related institutions in South-East Asia and the Gulf Region.

Pius Ho, Guidance Investment’s MD of Real Estate Investment Programme, said it is optimistic about the performance of these South-East Asian markets as key growth markets with a young and urban population, industrialisation growth and middle-income retail markets growth contributing to its attractiveness.

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