News by M

Pavilion Real Estate Investment Trust (KL:PAVREIT) has received its unitholders’ approval to acquire two hospitality assets, namely Banyan Tree Kuala Lumpur (BTKL) and Pavilion Hotel Kuala Lumpur (PHKL), for RM480 million.

Kumpulan Jetson Bhd (KL:JETSON) announced on Wednesday that its shareholders’ requisition dated April 23, 2025 to convene an extraordinary general meeting (EGM) will be put on hold, pending the outcome of a legal suit filed by three minority shareholders challenging the validity of the notice.

As Singapore reaches its physical limits for data centre expansion, Malaysia—particularly Johor—is emerging as a preferred destination for global digital infrastructure providers, said Equinix Malaysia managing director Cheam Tat Inn.

Nasdaq-listed digital infrastructure company Equinix Inc has completed the second phase of its KL1 International Business Exchange (IBX) data centre in Cyberjaya, Selangor.

Noteworthy:

• Freehold
• Built-up size: 4,025 sq ft
• Floor level: High
• 4 bedrooms, 5 bathrooms
• Semi-furnished
• Nearby amenities: Bangsar Shopping Centre, Universiti Malaya, Sime Darby Convention Centre, Kuala Lumpur Golf and Country Club, Pantai Hospital
• Accessibility: SPRINT-Damansara and Penchala links, Federal Highway, Jalan Ara, Jalan Profesor Diraja Ungku Aziz

When: December 2024

A sense of belonging is important for youths, especially in urban areas where many are seeking to define themselves. However, are we doing enough to promote the well-being of youths in our cities?

Residential property prices have been rising steadily in Melaka over the past years, recording an average transacted price of RM340,000 in 2024 compared to RM214,000 in 2015, according to Rahim & Co International Property Consultants Sdn Bhd director of research Sulaiman Saheh at the Rahim & Co Property Market Review 2024/2025 presentation on Wednesday.

I-Bhd posted a net profit of RM9.96 million for the quarter ended March 31, 2025 (1QFY25), more than double the RM4.07 million recorded a year ago, driven by stronger earnings from its property development and investment segments.

Hektar Real Estate Investment Trust (Hektar REIT) (KL:HEKTAR) has inked a solar energy partnership with Samaiden Group Bhd (KL:SAMAIDEN), for Samaiden to install and operate solar photovoltaic (PV) systems across five of Hektar REIT’s shopping centres through a zero-capex model, requiring no upfront capital outlay from the REIT.

IHG Hotels & Resorts will introduce its luxury lifestyle brand Kimpton in Malaysia with the opening of Kimpton Naluria Kuala Lumpur in the fourth quarter of 2025.