IGB REIT's Mid Valley Megamall in Kuala LumpurIGB REIT's Mid Valley Megamall in Kuala Lumpur

Two gas explosions at Malaysia-listed IGB REIT property Mid Valley Megamall on 5 April has injured several people including a contractor and tenant staff, the REIT has confirmed in a statement.

The explosions took place at around 9.45 a.m. during reinstatement work to the building’s liquefied petroleum gas (LPG) system following maintenance, said the retail REIT.

The explosions were said to have happened at two food and beverage outlets. While IGB REIT has not named the outlets, local media reports indicate that these are a Chili’s and McDonalds restaurant outlet respectively.

“There were minor injuries to our maintenance staff, LPG contractor and tenant staff. Medical treatment is already being given. There were no fatalities, neither were there any injuries to the public”, said the REIT.

“We are working with the relevant authorities and have shut all the gas systems in Mid Valley Megamall until further notice”, the REIT added.

Mid Valley Megamall has however remained opened to the public with unaffected parts of the building operating as usual.

Units of IGB REIT fell by about 0.6% at the end of the trading day on the Bursa Malaysia to finish at MYR1.55.

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.