Malaysia has developed a planned list of its first pure play shopping mall real estate investment trust, by the assistance of which, the retail investors of the country can now possess their desired piece in the shopping malls.

The unit of Singapore based CapitaMalls Asia: CapitaMalls Malaysia Trust is expected to hike one billion ringgit (RM). This accounts to be an increase of US$308 million, and it’ll be accomplished by an initial public offering. This year, it’ll be one of the biggest IPOs in South-east Asia.

Around 719 million units will be offered in front of many foreign and local institutions by the CapitaMalls Malaysia Trust, at the cost of RM1.10 per unit. Also, at the price of RM1.08 each, more than 67.5 million units will be offered to the local retail investors. The distribution yield of the same will be 6.9%, which is purely based on the predicted revenues of 2011.

Lim Beng Chee, CEO of CapitaMalls Asia, spoke at the inauguration of the retail offering in Kuala Lumpur, that he is “bullish about the retail sector in Malaysia - with shopper traffic of over 40 million a year”, believing that, “the timing is right, with rising investor appetite for Malaysian equities following an economic rebound”.