MRCB-Quill Reit #16 - CIMB Research retains Hold for MRCB-Quill REIT

...“A potential asset for acquisition is Menara Celcom, Petaling Jaya (from its sponsor, MRCB). We gather from media reports that construction of the building is slated for completion in early-2018.

“Based on our understanding, MRCB has already inked a build-to-lease agreement of 15 years with Celcom for the property upon completion.

“Typically, due diligence and feasibility studies prior to an acquisition proposal can take c.9 months; hence, we do not expect it to happen any time before FY19F,” it said.