IOI Properties formally launches RM7.58 bil REIT, targets Main Market listing with retail, hotel and office assets
IOI Properties Group Bhd (IOI Properties) has formally announced the proposed establishment of IOIPG Malaysia Real Estate Investment Trust (IOIPG REIT), with a total portfolio disposal consideration of approximately RM7.58 billion — one of the largest REIT IPOs in Malaysian history.
PE Land Group to anchor Capstone Corporate Suites in Batu Kawan, Penang
PE Land Group will anchor Capstone Corporate Suites with a 35,000-sq ft regional office upon completion, marking a key milestone for the 36-storey Grade-A office tower in Bandar Cassia, and reinforcing Batu Kawan’s emergence as Penang mainland’s business hub.
Nestcon acquires Iskandar Puteri land parcels for RM95 mil, diversifies into property development
Nestcon Bhd is venturing into property development for the first time, proposing to acquire three parcels of freehold commercial land in Iskandar Puteri, Johor Bahru for a total of RM95 million through its indirect 70%-owned subsidiary, Nestcon Iskandar Puteri Sdn Bhd.
Sunsuria raises stake in KL City Gateway to 61% majority with RM21.46m acquisition
Sunsuria Bhd has completed its acquisition of an additional 41% equity interest in KL City Gateway Sdn Bhd (KLCG), raising its total shareholding from 20% to 61%, and consolidating KLCG as a subsidiary of the group.
EXAL Malaysia partners municipal council to deliver aid to families in Kuching
EXAL Malaysia carried out a community outreach initiative in collaboration with Majlis Perbandaran Padawan (MPP), benefiting 31 underprivileged families across Kuching.
Menara Merdeka 118 to be recognised for advancing fire safety standards
Menara Merdeka 118 is set to be recognised by the Kuala Lumpur Fire and Rescue Department as the first building in Malaysia to implement the Automatic Fire Monitoring System (SPKA), marking a new benchmark in high-rise fire safety standards.
Govt to explore privatisation model for West Coast Expressway southern link
The government will explore a privatisation model for the proposed southern alignment of the West Coast Expressway (WCE), following deliberations at the 50th meeting of the National Physical Planning Council (NPPC) chaired by Prime Minister Datuk Seri Anwar Ibrahim.
Crescendo sells 49.72-acre Kota Tinggi land to Digital Edge for RM346.53 mil
The purchaser, Digital Edge Data Centers, is a non-related party to Crescendo under Chapter 10 of Bursa Malaysia's Listing Requirements.
S P Setia previews Erica, RM93.6m starter-home precinct in Sepang
S P Setia Bhd has previewed Erica, an 11.34-acre series of leasehold double-storey terrace homes in Taman Setia Tropika in Sepang, adjacent to its resort township of Setia Warisan Tropika.
