Perbadanan Kemajuan Negeri Selangor (PKNS) is Selangor’s State Economic Development Corporation (SEDC) who is in charge of the expansion of the State’s economic growth through the development of State-owned developments such as SACC Mall, Kompleks PKNS Shah Alam, Menara Worldwide and Wisma Yakin. Its subsidiaty, PKNS Real Estate (PREC), focuses on managing these assets to turn them into success stories. Their success in these activities has encouraged to begin venturing into Real Estate Investment Trust (REIT).
A company practicing REITs will open up their assets for interested parties to invest in, which allows these investors to earn dividends. PREC has found REITs to be a very powerful investment method and wants to see it grow for other Malasian companies.
The National C-Level REITs Discussion. Slated to be held on 26 Febuary 2020, this events seeks to provide businesses, investors, and asset owners with all the information they need to begin takin part in REIT. Beyond that, as PKNS is an SEDC, the event will invite all SEDCs in Malaysia to a roundtable session to discuss collaboration potentials so that the entire nation can move forward in tandum.