GuocoLand, the developer controlled by Malaysian tycoon Quek Leng Chan, said it will review setting up a real estate investment trust as a possible strategy to extract value from its property portfolio. The company said it currently has no plans to establish such a trust, responding to a report in The Business Times newspaper. GuocoLand is considering listing an office real estate investment trust and another trust holding retail assets, the newspaper reported today, without citing anyone.
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