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Henderson funds to buy mainland, German property

MUNICH: Fund manager Henderson plans to raise some US$900 million (RM2.78 billion) to buy malls on the mainland and in Germany, as robust growth in the two economic powerhouses boosts domestic spending, the company's head of global property says.

IJM boosts stake in CIDBI

KUALA LUMPUR: IJM Corp Bhd is further expanding its venture in the Indian highway business following its proposal to buy stakes in CIDB Inventures Sdn Bhd (CIDBI) and Swarna Tollay Pvt Ltd (STPL) for RM 27.4 million and US$21.34 million (about RM66 million) respectively.

KEuro sells off more Talam shares

KUALA LUMPUR: Kumpulan Europlus Bhd (KEuro) has sold 10.91 million shares in Talam Corporation Bhd for RM1.2 million, representing 0.35% of KEuro's total voting shares in Talam.

PAM launches one-month exhibition

KUALA LUMPUR: Malaysia will celebrate World Day of Architecture for the first time with the launch of the month-long “Architects Malaysia Exhibition” on Oct 4.

The exhibition is organised by the Malaysian Institute of Architects (PAM) and carries the theme “Better Cities, Better Lives – Sustainable by Design”.

Top two developers pocket HK$11b from sales

HONG KONG: Hong Kong's housing market has continued to shrug off government measures to curb speculation, with units offered at mid- to high-price ranges attracting a strong response over the long weekend.

Cheung Kong (Holdings) and Sun Hung Kai Properties between them pulled in more than HK$11 billion (RM4.4 billion) in sales since Thursday.

Eldest son loses out in SHKP trust rejig

HONG KONG: In the latest twist in the high-profile family feud at the Sun Hung Kai Properties (SHKP) empire, Walter Kwok Ping-sheung — eldest scion of the Kwok clan — has been removed as a beneficiary from a key trust controlling the business group.

SM Nasarudin is Jetson's non-executive director

KUALA LUMPUR: Sheikh Mohd Nasarudin, better known as SM Nasarudin, has been redesignated as a non-executive director of construction, property and manufacturing company Kumpulan Jetson Bhd (Jetson) on Oct 4. He was previously the chairman and executive director of the company.

Cluttons: Sales and rent rates for Dubai's villas, apartments declining

DUBAI: Cluttons’s latest research shows that villa and apartment sales rates in Dubai continue to decline in the third quarter of 2010.

During the period, villa sales prices fell by 4.3%, and apartment sales prices fell by 8.7%, while villa rental prices were reduced by 8.2% and apartment rental prices slipped by 6.1%.