The takeover offer by Magna Prima Bhd’s (KL:MAGNA) largest shareholders—Datuk Seri Wong Sze Chien and managing director Seah Ley Hong—for the remaining shares in the company has turned unconditional, after their collective stake climbed above 50%.

Axis Real Estate Investment Trust (KL:AXREIT) declared a third interim distribution per unit (DPU) of 2.65 sen on Thursday, as it saw a 15.7% year-on-year jump in its third-quarter net property income (NPI), thanks to newly acquired assets and rental growth.

Gamuda Land, the property arm of Gamuda Bhd (KL:GAMUDA), has acquired a site at 14 Marshgate Lane in Stratford, London, for a purpose-built student accommodation (PBSA) project with an estimated gross development value of RM600 million.

Glomac Bhd (KL:GLOMAC) has deferred its plan to venture into the data centre segment as the group has yet to secure a confirmed tenant to lease its land, said group managing director and CEO Datuk Seri FD Iskandar Mohamed Mansor.

Noteworthy:

• Freehold
• Built-up size: 4,880 sq ft 
• Land size: 15,182 sq ft
• 5 bedrooms, 5 bathrooms
• Semi-furnished
• Nearby amenities: Dataran Pahlawan Megamall, Mahkota Parade, Klinik Ujong Pasir
• Accessibility: Public Bus Service (Route M100), Major Road Link (Jalan Ujong Pasir/M100 Corridor)

When: July 2025

The International Construction Week (ICW) and BuildXpo 2025 will feature more than 350 exhibition booths, highlighting innovations in construction technology, equipment, and solutions.

IOI Properties Group Bhd (KL:IOIPG) achieved RM437 million in sales from its southern region projects over a three-month period during its “30 Years Together” anniversary campaign, which ran from April 1 to June 30.

Malaysia has identified 14 earthquake 'hotspots' nationwide, with developers now required to ensure that new buildings in those areas comply with seismic-resistant design standards, said acting Natural Resources and Environmental Sustainability Minister Datuk Seri Johari Abdul Ghani.

Ho Hup Construction Co Bhd (KL:HOHUP) said its substantial shareholder Omesti Holdings Bhd (KL:OMESTI) has sought an extraordinary general meeting (EGM) to replace two of the construction outfit’s directors with appointees.

Manufacturer of sheet metal products and supplier of scaffoldings BWYS Group Bhd announced the acquisition of a 28.92-acre freehold industrial parcel in Kuala Langat, Selangor, worth RM94.5 million.