LBS, KLM Land launch Phase 3 of Alam Perdana Industrial Park in Puncak Alam
LBS Bina Group Bhd (KL:LBS) and KLM Land Sdn Bhd jointly launched Phase 3 of Alam Perdana Industrial Park located at Puncak Alam, Selangor on Aug 16.
Landlords brace for slower leasing and softer rent under new SST regime
Malaysia's real estate market is expected to see reduced absorption rates across all commercial property segments with downward pressure on rental growth, following the introduction of the expanded sales and service tax (SST) framework, according to JLL Malaysia.
Asian Pac buys Salcon’s property development arm for RM42 mil
Asian Pac Holdings Bhd (KL:ASIAPAC) is acquiring a property development firm from Salcon Bhd (KL:SALCON) for RM42 million in cash, in a move to strengthen its presence in the Klang Valley.
Sentral REIT’s sale of long-vacant Wisma Sentral Inai to improve portfolio, balance sheet—analysts
The proposed sale of Wisma Sentral Inai will immediately improve Sentral REIT’s (KL:SENTRAL) portfolio and boost its balance sheet for future acquisitions, analysts said.
Housing Development Act to be amended to cover sick commercial projects
The government is in the midst of drafting amendments to the Housing Development (Control and Licensing) Act 1966 to expand its scope to cover problematic commercial projects.
Lim Seong Hai Capital assures no disruption to KL Tower ops amid appeal by former operator
Lim Seong Hai Capital Bhd (KL:LSH) said that the operations at the Kuala Lumpur Tower will continue without interruption, despite the appeal filed by its former operator Menara Kuala Lumpur Sdn Bhd, and its parent Hydroshoppe Sdn Bhd, against High Court ruling last month.
Axis REIT completes maiden RM300m senior sukuk issuance
Axis Real Estate Investment Trust (Axis REIT) (KL:AXREIT) has completed its maiden issuance of RM300 million senior Islamic medium-term notes under its RM3 billion sukuk programme.
IJM Corp unit secures RM1.4 bil data centre project in Johor, its biggest yet
IJM Corporation Bhd (KL:IJM), via its wholly owned subsidiary IJM Construction Sdn Bhd, has secured a RM1.4 billion contract to build a large-scale data centre in Johor Bahru, its biggest data centre project to date.
Turiya Properties to buy vacant Wisma Sentral Inai for RM135 mil, funded by chairman’s cash injection
Turiya Bhd’s (KL:TURIYA) unit plans to acquire the 12-storey Wisma Sentral Inai in Kuala Lumpur for RM135 million through a cash injection from its executive chairman, Datuk Seri Shamir Kumar Nandy.
Genting Malaysia’s loss-making Empire Resorts to sell non-gaming assets for RM2.2b to cut costs, clear debt
After taking full control of its struggling US unit Empire Resorts Inc, Genting Malaysia Bhd (KL:GENM) is launching a major restructuring with a RM2.2 billion asset sale, land purchase and full bond repayment to address earnings pressure.
