IGB disposes of St Giles Hotel London and shares in Ravencroft Investment for £220 million
IGB Bhd's (KL:IGBB) associates have disposed of UK-based assets, including the St Giles Hotel London, for a total of £220 million (RM1.2 billion).
Global Oriental sells retail units in Pavilion Embassy for RM35 mil
Property developer Global Oriental Bhd (KL:GOB) said it is disposing of 18 retail units in its Pavilion Embassy project in Kuala Lumpur for RM35 million to pare its borrowings.
Property developer KEB seeks ACE Market listing
KEB Bhd has filed its prospectus with Bursa Malaysia for a proposed initial public offering (IPO) on the ACE Market, as the property developer seeks to raise funds to finance further land acquisitions to replenish its development pipeline.
Court rules 2019 Sarawak strata law not retrospective, clears The Wharf developer of pre-2022 maintenance charges
The Kuching High Court, in a landmark decision, ruled that the Sarawak Strata Management Ordinance 2019 (SMO), which came into force on March 1, 2022, cannot be applied retrospectively.
PGF Capital to return to growth as it resolves Tanjung Malim property project issues by FY2027—TA Securities
TA Securities expects PGF Capital Bhd (KL:PGF) to resolve the long-standing issues at its Tanjung Malim property project by the financial year ending Feb 28, 2027 (FY2027).
Interior fit-out firm, backed by Lagenda Properties’ Doh, files for ACE Market IPO
EGH International Bhd, an interior fit-out firm, is seeking a listing on the ACE Market to raise funds for the construction of a new head office estimated to cost RM28 million.
Sunway unit plans RM10b sukuk wakalah to fund working capital, debt refinancing
Sunway Bhd (KL:SUNWAY) said on Thursday that its unit has proposed a sukuk wakalah programme of up to RM10 billion to fund working capital and refinancing of borrowings.
Kuala Lumpur office glut could worsen, property report warns
The office market in the capital city could face further pressure with the incoming supply of nearly six million square feet of new space, a property report warned.
Consultant warns of speculation risks in red-hot Johor property market
The Johor property market is booming thanks to projects like the Rapid Transit System (RTS) Link and the Johor-Singapore Special Economic Zone (JS-SEZ), but there are risks of over-speculation beyond the areas directly benefiting from them, according to a consultant.
New economy minister to meet Singapore counterpart ahead of JS-SEZ blueprint release
A comprehensive blueprint for the Johor-Singapore Special Economic Zone is expected to be unveiled by March, said newly-minted Economy Minister Akmal Nasrullah Mohd Nasir.
