WCT gets nod from SC for Paradigm REIT listing
Paradigm REIT will debut with an initial fund size of 1.6 billion units and a portfolio of three properties valued at RM2.44 billion.
Malaysia's property transaction value hits decade-high in 2024, overhang situation improves
Malaysia’s property transaction value surged 18% to RM232.30 billion in 2024, the highest annual figure in a decade, latest data from the Valuation and Property Services Department showed.
Exsim Hospitality secures RM13m interior design contract for D’Velada project in Bukit Jalil
Exsim Hospitality Bhd (KL:EXSIMHB), formerly known as Pan Malaysia Holdings Bhd, has secured a RM13 million contract for interior design works at the D’Velada serviced apartment development in Bukit Jalil.
Perak Corp expects RM26.6 mil gain from land development entitlement
Financially-troubled Perak Corp Bhd (KL:PRKCORP) said it is entitled to a RM40.38 million entitlement after entering into a supplemental agreement concerning the development of a 56.3-acre land known as the Teluk Dalam land.
Glomac launches inaugural RM3b sukuk programme with Maybank
Property developer Glomac Bhd (KL:GLOMAC) has established an Islamic medium-term note (IMTN) programme of up to RM3 billion in nominal value with Malayan Banking Bhd (KL:MAYBANK), to be utilised for land acquisition, capital expenditure and working capital.
Pavilion REIT's 4Q net property income edges higher on stronger rental contributions from Pavilion Bukit Jalil
Pavilion Real Estate Investment Trust (Pavilion REIT) (KL:PAVREIT) reported a marginal increase of 0.2% in net property income (NPI) to RM134.86 million for the fourth quarter ended Dec 31, 2024 (4QFY2024), compared with RM134.64 million in the previous corresponding quarter.
Notion VTec acquires land in Klang for manufacturing expansion
Precision components manufacturer Notion VTec Bhd (KL:NOTION) said it is acquiring a four-hectare vacant freehold agricultural land in Kapar, Klang, for RM29.62 million, as part of the expansion of its manufacturing operations.
Ann Joo acquires remaining 45% stake in industrial land firm
Steel manufacturer Ann Joo Resources Bhd (KL:ANNJOO) said it is acquiring the remaining 45% equity interest in Konsortia Etiqa Sdn Bhd (KESB), the owner of 437 acres of industrial land in Kedah, for RM96 million.
Senheng New Retail sells vacant land in Johor
Senheng New Retail Bhd (KL:SENHENG) is disposing of a piece of freehold industrial vacant land in Tebrau, Johor, measuring 1.041ha for RM11.21 million cash.
Mulpha sells shopping centre, marina in Australia for RM233m
The proposed disposal of the Capri on Via Roma property for A$85.5 million (RM233.42 million) is part of Mulpha International's capital recycling initiative aimed at strengthening its cash flow and streamlining its asset portfolio.
