KUALA LUMPUR (Jan 14): Ivory Properties Group Bhd ( Financial Dashboard)’s wholly-owned subsidiary, Ivory Indah Sdn Bhd, has entered into a sale and purchase agreement with Jesselton Peak Sdn Bhd for the disposal of a 21.78 ha land in Jesselton, Penang, for RM150 million.
KUALA LUMPUR (Dec 29): Tower REIT ( Financial Dashboard) has entered into a sale and purchase agreement (SPA) with Goldstone Kuala Lumpur Sdn Bhd to divest 19 office parcels and 190 car park bays within Menara ING for RM132.34 million cash, a filing to Bursa Malaysia revealed this evening.
PETALING JAYA: The German government is selling the two properties it owns in the heart of Kuala Lumpur for a potential combined worth of RM225mil.
KUALA LUMPUR: Sunway Real Estate Investment Trust (Sunway REIT) ( Financial Dashboard) plans to acquire Sunway Hotel Georgetown and Wisma Sunway office building for a combined RM134 million from subsidiaries of Sunway Bhd.
PETALING JAYA: Mass Rapid Transit Corporation Sdn Bhd has finalised names for the 31 MRT stations located on the Sungai Buloh-Kajang line, also known as Line 1. “The name changes are to better reflect the locality of the station,” MRT Corp CEO Datuk Wira Azhar Abdul Hamid said in a press briefing here yesterday.
PETALING JAYA: Property heavyweight IOI Properties Group Bhd (IOI Prop) is making a bold move into the Taiwan real estate as it proposes to buy a stake in iconic skyscraper Taipei 101 for RM2.74bil (NT$25.14bil) at a time when the ringgit is weakening.
OFFICE rental rates held steady with improved occupancy during the review period. Meanwhile, incoming office supply is expected in the fourth quarter
KUALA LUMPUR: Axis REIT Managers Bhd, manager of the Axis Real Estate Investment Trust (Financial Dashboard) (Axis-REIT), has allocated between RM300 million and RM400 million for asset acquisitions next year, as it continues to increase its asset under management (AUM).
KUALA LUMPUR: The Nomad Group Bhd wants to hive off six assets to a Hong Kong-incorporated management service firm for £4.25 million (RM22.3 million) cash, which is about half or 47.3% less than the RM42.3 million initial investment the group forked out for the properties between 2007 and 2014.
PETALING JAYA: The MMC Corp Bhd and Gamuda Bhd joint-venture (JV), which will carry out the second mass rapid transit line (MRT2), will stand a higher chance of clinching the underground works for the project, according to analysts.