Metro Healthcare Bhd (KL:METRO) is acquiring a four-storey shop office in Subang Jaya for a cash consideration of RM9.5 million to expand its business.

Financially-troubled Perak Corp Bhd (KL:PRKCORP) said it is entitled to a RM40.38 million entitlement after entering into a supplemental agreement concerning the development of a 56.3-acre land known as the Teluk Dalam land.

Property developer Glomac Bhd (KL:GLOMAC) has established an Islamic medium-term note (IMTN) programme of up to RM3 billion in nominal value with Malayan Banking Bhd (KL:MAYBANK), to be utilised for land acquisition, capital expenditure and working capital.

Sunway Bhd (KL:SUNWAY) said on Thursday it has signed a master agreement for a mixed-use development worth more than RM2.6 billion in Johor.

Pavilion Real Estate Investment Trust (Pavilion REIT) (KL:PAVREIT) reported a marginal increase of 0.2% in net property income (NPI) to RM134.86 million for the fourth quarter ended Dec 31, 2024 (4QFY2024), compared with RM134.64 million in the previous corresponding quarter.

Data centre jobs in Malaysia appear intact despite the US’ attempt to curb exports of advanced chips thanks to strong demand for digital infrastructure, said IJM Corporation Bhd (KL:IJM).

Malaysian Pacific Industries Bhd (KL:MPI) is disposing of two parcels of land in Bayan Lepas, Penang for a total cash consideration of RM140 million.

Seremban-based property developer Matrix Concepts Holdings Bhd (KL:MATRIX) is divesting 38.65 acres of land in the town for RM90.91 million in a related-party transaction.

Noteworthy:

• Freehold
• Built-up size: 2,433 sq ft
• Floor level: Mid
• Fully furnished
• 4 bedrooms, 4 bathrooms
• Nearby amenities: Pavilion Bukit Bintang, Jalan Alor Food Street, Plaza Low Yat, Tung Shin Hospital, Raja Chulan monorail station, MRT Bukit Bintang
• Accessibility: Jalan Raja Chulan, Jalan Pudu, Jalan Imbi, Jalan Sultan Ismail, MEX, Sungai Besi Expressway, AKLEH

When: August 2024

Prime Grade A office space in Asia-Pacific is set to increase by 7% in 2025, up from 4% in 2024, with over 40% of new supply concentrated in mainland China, according to the Knight Frank’s Asia-Pacific 4Q2024 Office Highlights report.