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No problem, Mega Fortris said it has consulted its solicitors and thinks the claim "is lacking in merit and legal basis” and there are “reasonably good prospects in successfully defending the action”.
Paradigm Reit offers an attractive ~7% dividend yield, supported by a high-quality retail asset portfolio. Key points include:
1. High-Quality Retail Asset Portfolio - Features prime assets like Paradigm Mall PJ, Paradigm Mall JB, and Bukit Tinggi Shopping Centre, all in top locations with strong foot traffic and near-full occupancy (97.9%–99.2%).
2. Stable Income with Growth Potential - Long-term lease with AEON (BTSC) ensures steady cash flow until 2029 and a diverse tenant mix across malls reduces dependence on any single tenant.
3. Strong Sponsor & Financial Backing - Backed by WCT Group, holding 65% ownership post-IPO and strong financial support with a RM5.0 billion MTN programme and RM845 million secured against key assets.
4. Balanced Lease Expiry Profile - Top 10 tenants contribute less than 20% of rental income per mall, minimizing concentration risk and lease expiries spread across 2027 to reduce vacancy risk.
5. Strategic Growth Outlook - Potential for rental reversion, asset enhancements, and future acquisitions, providing further growth opportunities.
SkyWorld plans to launch five projects this year. 3 projects in KL: SkyAman1 Residences in Cheras, SkyAwani PRIMA Residences in Brickfields and SkyAwani 6 Residences in Setapak.
The two other projects are in Penang: the 31.28-acre SkyAwani Pearlmont Residences (Phase 1A) in Seberang Jaya , and the 25.9-acre SkyAwani Cassia Residences (Phase 1A) in Batu Kawan