Valiram family to acquire Lendlease stakes in The Exchange TRX mall and office for RM1.1b—sources
The transaction is expected to be completed in the second half of FY2026.
The transaction is expected to be completed in the second half of FY2026.
The properties comprise five single-storey detached factories with two-storey office components, occupying about 17 acres of land and with a total built-up area of about 524,077 square feet within AME Elite’s i-TechValley industrial park in Iskandar Puteri.
The project commenced on Dec 16 and it will be completed within 24 months.
Lendlease has secured a new capital partner for The Exchange TRX, with a Malaysian family office acquiring stakes worth approximately RM1.1 billion in the retail and office components of the integrated development.
Construction outfit Crest Builder Holdings Bhd (KL:CRESBLD) has bagged a RM73.9 million subcontract from HAB Construction Sdn Bhd to undertake electrical and extra low-voltage system installation and maintenance works for the CloutHaus mixed-use development in Section 58, Jalan P Ramlee here.
SD Guthrie Bhd (KL:SDG) said on Monday that it is jointly exploring the development of up to 5,000 acres of its Kulai estate with the Johor government.
Kuala Lumpur Kepong Bhd's (KL:KLK) recent push into industrial property could provide a more stable earnings stream and strengthen its longer-term income visibility beyond plantations.
Sunway Construction Group Bhd (KL:SUNCON) said on Friday it has secured another work order from an unnamed US-based multinational technology company, this time worth RM386 million.
The Lenggong District Council, in partnership with Think City, has officially launched the Lenggong community centre on Saturday.
Financial services and IT company Pacific & Orient Bhd (KL:P&O) said its US-based subsidiary has secured a US$67 million (RM273.16 million) construction loan to finance the group’s property development project in Miami, Florida.