Paradigm Real Estate Investment Trust (Paradigm REIT) began trading on Bursa Malaysia’s Main Market this morning, opening at RM1.00 per unit, in line with its issue price.
As of 9.07am, the counter remained unchanged at RM1.00 with a trading volume of 55.49 million units, marking a solid start for the new REIT entrant. The unit price touched an intraday high of RM1.01 and a low of RM0.995, with a buy-sell spread between RM1.00 and RM1.01.
“The listing of Paradigm REIT marks a proud milestone for our team and for Malaysia’s REIT landscape. While we opened flat at RM1.00, we view this as a stable and encouraging start— especially in a market where volatility has become the norm. The strong support from both institutional and retail investors affirms confidence in our portfolio and long-term strategy. We remain focused on delivering consistent value to our unitholders and executing our strategy in making our assets more value-accretive,” remarked Tan Sri Shahril Ridza Bin Ridzuan, the Chairman and Independent Non-Executive Director of Paradigm REIT Management Sdn Bhd.
Paradigm REIT’s listing follows the completion of a public offering involving 560 million units, part of an initial fund size of 1.6 billion units. The offering included a retail tranche of up to 254.65 million units and an institutional offering of at least 305.34 million units.
Backed by a portfolio of three high-profile malls – Paradigm Mall PJ, Paradigm Mall JB, and Bukit Tinggi Shopping Centre – the REIT’s listing is supported by a total asset injection valued at RM2.44 billion, satisfied via unit issuance and a cash payment of RM837 million.
Maybank Investment Bank Bhd is serving as the principal advisor, lead bookrunner and sole managing underwriter, while CGS International Securities Malaysia and AmInvestment Bank joined as joint bookrunners and underwriters.
Paradigm REIT’s steady debut adds momentum to Malaysia’s REIT sector, which has seen renewed investor interest amid stabilising economic conditions and sustained demand for yield-focused instruments.
