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Axis REIT aims for RM5b portfolio size

Axis REIT aims for RM5b portfolio size

PETALING JAYA (Feb 15): Axis Real Estate Investment Trust (Axis REIT) Managers Bhd CEO Leong Kit May aims to grow the trust’s portfolio from RM3 billion to RM5 billion within five years, The Edge Malaysia reported today. Quality assets — those strategically located in seaports, airports and connected by highways — will not be neglected in its...

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Johore Tin unit to buy 29-acre land in Kapar for RM44m

Johore Tin unit to buy 29-acre land in Kapar for RM44m

KUALA LUMPUR (Feb 12): Johore Tin Bhd said its wholly-owned unit Able Dairies Sdn Bhd has proposed to acquire a piece of land measuring 29.03 acres in Kapar, Perak for RM44.26 million. The land is owned by Golden Valley Industries Sdn Bhd. In a bourse filing yesterday, Johore Tin said Able Dairies has received from Golden Valley,...

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YTL REIT looking at more hotels

YTL REIT looking at more hotels

KUALA LUMPUR: YTL Corp Bhd aims to buy more assets to increase the size of its YTL Hospitality REIT (real estate investment trust) business, currently valued at RM4.62 billion. Executive director Datuk Mark Yeoh told the New Straits Times the group was looking at hotels in Europe, Japan and Malaysia. “We are strategic investors. When the opportunity...

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Paramount buys 49% stake in Thai developer for RM8.4m

Paramount buys 49% stake in Thai developer for RM8.4m

PARAMOUNT Corp Bhd has ventured into Thailand’s real estate market with the purchase of a 49% equity stake in Bangkok-based Navarang Charoennakorn Co Ltd for 60.27 million baht or RM8.44 million. Under the deal, Paramount’s subsidiary, Paramount Global Sdn Bhd, will own 49% of Navarang Charoennakorn while Navarang Asset Co Ltd will own the balance...

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Maluri reborn

Maluri reborn

Bit by bit, Kuala Lumpur’s Taman Maluri (commonly called Maluri), along with its surrounds, has slowly transformed from an old working class residential area into a new exciting commercial hub with ample lifestyle and local community living elements. Covering an area of around 2.95 sq km (about 730 acres), Maluri is one of the most...

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Westport to acquire land for expansion

Westport to acquire land for expansion

KUALA LUMPUR (Feb 7): Westports Holdings Bhd’s wholly-owned subsidiary Westports Malaysia Sdn Bhd (WMSB) is buying a 146.4ha land in Klang, Selangor for RM393.96 million from major shareholders to develop eight additional container terminal (CT) facilities involving a development cost of about RM10 billion. In a filing with Bursa Malaysia today, Westports said it has...

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China outbreak to hit regional property markets

China outbreak to hit regional property markets

MALAYSIA’S property market, which has been in part supported by the easy and cheap money from the global quantitative easing (QE), could be in for a tough first half of the year as the global economy slows, and investors shy away from the market due to the coronavirus outbreak. The move by companies like Paramount...

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