KUALA LUMPUR: Quill Capita Management Sdn Bhd (QCM), the manager of Quill Capita Trust (QCT), has proposed to acquire three assets for RM94.5mil. According to QCM chief executive officer Chan Say Yeong, QCT targets to increase its property portfolio to RM750mil by end-2008 from RM549mil as at Dec 31, 2007. The properties to be injected will be acquired from the Quill group, one of the two main sponsors of the property trust along with CapitaLand group. On the property outlook in Malaysia, Chan said the KL office market was expected to improve due to strong demand from business expansion, coupled with tight supply of quality office spaces.
(16-1-2008 The Star)
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