SINGAPORE (EDGEPROP) – Real estate private equity firm Gaw Capital Partners has completed the acquisition of a portfolio of logistics assets in Greater Tokyo, Japan. The portfolio, purchased through a fund under its management, comprises seven assets with a total net rentable area of around 253,200 sq m that is fully leased out. The portfolio...
Read moreKUALA LUMPUR (Dec 1): YLI Holdings Bhd is disposing of two parcels of freehold land in Penang to ZW Packaging Sdn Bhd for RM17.31 million in cash. In a bourse filing, YLI said the two pieces of land have a combined size of 4.675 acres, both located in Seberang Perai Tengah. The proceeds from the disposal will be...
Read moreKUALA LUMPUR (Dec 1): Sime Darby Plantation Bhd is disposing of 949 acres of freehold land in Kapar, Klang to Sime Darby Property Bhd for RM618 million. The deal is in pursuant to one of the nine call option agreements entered into between both companies in 2017, when Sime Darby Bhd embarked on a “pure play” exercise, which...
Read moreKUALA LUMPUR (Dec 2): UEM Sunrise Bhd is disposing of 17 parcels of land in Perak, measuring a cumulative 1,776.6 acres to Sunsuria Bhd for RM75.52 million, as part of the group’s strategy to monetise non-strategic lands. In a bourse filing on Friday (Dec 2), the property developer said the group’s indirect wholly-owned subsidiary, Symphony Hills...
Read moreSINGAPORE (EDGEPROP) – CapitaLand Investment Limited (CLI) is divesting its entire interest in Queensbay Mall, located in Penang, Malaysia to CapitaLand Malaysia Trust (CLMT), its sponsored REIT listed on Bursa Malaysia, for RM990.5 million ($300.3 million). CLI holds 91.8% of the total strata floor area of retail parcels in the mall. The agreed value for...
Read moreKUALA LUMPUR (Nov 30): TCS Group Holdings Bhd announced its wholly owned subsidiary TCS Construction Sdn Bhd has bagged a RM119.61 million contract from Eupe PJ South Development Sdn Bhd for the construction and completion of main building works for a service condominium project known as Helix2. “We are pleased to be selected to participate...
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