EPF, PNB want to buy Battersea Phase 2 assets for RM8.8b
They plan to undertake the proposed purchase via a JV company.
They plan to undertake the proposed purchase via a JV company.
This includes its flagship Aspen Vision City project in Batu Kawan, Penang, which is jointly developed with Ikea Southeast Asia.
Sold for: RM1.38 million (RM560 psf); Concluded by: Jerro Loh (E2417) and Esther Chan (REN 08489) of J Maison Realtor (012-281 2078; 017-664 6709); When: September 2017
The group’s shares closed unchanged at RM2.97 today, giving it a market capitalisation of RM4.05 billion on its last trading day before the takeover.
"We expect an upward bias for the yields of the Malaysian Government Bonds (MGS) in view of the expected rise in OPR, which may lead to the narrowing yield spreads and placing pressure on REITs' share prices."
The five-storey new hotel sits on top of Cameron Fair — a new commercial and lifestyle development in Tanah Rata.
: The Arc @ Cyberjaya was sold with 25 years of guaranteed rental returns.
Westside III is a 49-storey condominium which is currently the tallest structure in Desa ParkCity.
Even excluding Kuala Lumpur-Singapore HSR, the group is targeting a significant jump in outstanding order book of up to RM12 billion (RM400 million currently)
CBRE|WTW Malaysia: There is no single government body that monitors the situation, so we are not sure whether the products launched are suitable for the target market.