KIP Real Estate Investment Trust’s (KL:KIPREIT) trustee, Pacific Trustees Bhd, has completed its acquisition of an industrial property in Bintulu, Sarawak, for a total purchase consideration of RM28.7 million.
OSK Holdings Bhd (KL:OSK) said the group is acquiring a 3.3-acre land in Subang Jaya from Tropicana Corp Bhd (KL:TROP) for RM44.34 million to develop serviced apartments.
Noteworthy:
When: June 2025
Located at 333 St Kilda Road, the project comprises 78 residential units and three retail lots on a land area of about 2,000 sq m, 7km from the Melbourne central business district.
Building around the idea of a “landed mid-rise”, DaMai comprises a 17-storey block with 306 units ranging from 2,056 to 5,038 sq ft.
“The group will adopt a prudent approach by leveraging its strategic land bank to develop properties that meet market needs.”
The 7.3-acre site, which comes with a new 99-year leasehold, is designated for an integrated development comprising up to 875 residential units, approximately 12,600 sq m of commercial space, a bus interchange, and a hawker centre.
Country Heights said the full payment of RM142,698 to Fujifilm was settled on Sept 4.
“These seven iconic landmarks will soon be revitalised to showcase Malaysia’s heritage and culture."
The company has extended the deadline for the proposed acquisition several times, the most recent being on Sept 30, 2025.
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