IOI Properties Group Bhd has received the Securities Commission Malaysia’s approval for the application by its proposed IRMSB, to conduct fund management in relation to asset management restricted to real estate investment trusts (REITs).
IOI Properties said the SC granted the approval through a letter dated Aug 18, 2026, which was received by the company on Aug 19.
The approval represents a key regulatory step for IOI Properties’ proposed REIT establishment, which also involves the proposed disposals, offering, listing and leases.
However, the approval is subject to several conditions that IRMSB must fulfil within six months from Aug 18.
IOI Properties said the proposed REIT remains subject to several other approvals and consents.
