New master tenancy agreements for SGREIT's Malaysia Properties and asset enhancement works for YTL's Starhill Gallery - YTL Starhill Global REIT

Tan Sri Dato' (Dr) Francis Yeoh, Chairman of YTL Starhill Global, said: "Bukit Bintang presents longterm prospects. Incoming large-scale integrated developments, improved rail connectivity and Government initiatives to boost tourism in Malaysia are set to further enhance the area as the prime retail and hospitality precinct in Kuala Lumpur. The asset enhancement will allow Starhill Gallery to capitalise on the renewed vibrancy of Bukit Bintang, ensuring that the mall stays at the forefront of the changing retail landscape at the prime shopping stretch of Kuala Lumpur. The integrated concept of hotel with retail element is also in line with the recent global trend of integrated developments."

Mr Ho Sing, Chief Executive Officer of YTL Starhill Global, said: "The long-term structure of the new master tenancy agreements allows SGREIT to ride short-term risks and tap on the long-term prospects of Bukit Bintang. With built-in rent step-ups, the new master tenancy agreements ensure stable income with rent growth and quality cashflows for SGREIT, as well as provide sustainable occupancy for the Malaysia Properties."... ›› more

Making Malaysian Hospitality World-Class - Options, The Edge

It is never easy to grow a brand from scratch, let alone expand its global footprint without sacrificing a whit of its intrinsic DNA. Diana Khoo speaks to Datuk Mark Yeoh Seok Kah, executive director of YTL Hotels, to find out more about the Malaysian-born group's increasing global reach, particularly with the new Monkey Island Estate in Berkshire, England, as well as obtain a quick summary of his three decades – and counting – with the family corporation's hospitality arm.... ›› more