Management is actively giving its portfolio a refresh to stay ahead of the game. The former Holiday Villa Alor Setar is getting a facelift and a new identity as Serasi Padi Hotel, with revenue expected to start coming in from Q2 2026. Meanwhile, the Cyberjaya office property (formerly Contraves) is being repositioned to attract new tenants. The Trust is also clearing out older assets, such as the RHF Stone Factory, and recycling the capital into newer, better-quality properties that offer stronger long-term growth prospects.

The Star - 15th October 2025
Urban Collection will lease the 150,000 sq ft hotel for a 15-year term (structured as three consecutive terms), with tenancy commencing on March 29, 2026 and operations expected to begin by May 1, 2026.

The tenancy is structured as a double net lease with a 10% rental escalation upon each renewal term, providing steady income growth for the trust throughout the lease period.