SINGAPORE (EDGEPROP) – Mapltree Investments, together with investment firm PAG, have entered into an agreement to form a 50:50 joint venture to acquire Goldin Financial Global Centre (GFGC) from receivers for HK$5.6 billion or US$713 million ($948 million). The 28-storey office tower, located in Kowloon East, Hong Kong was the former headquarters of distressed investment...
Read moreKUALA LUMPUR (Jan 10): Tex Cycle Technology (M) Bhd has proposed to dispose of two detached factories in Puchong for RM19 million, noting that they have increased in value since their acquisition in 2004. “The proposed disposal is expected to result in a gain on disposal of approximately RM13.72 million,” the group said in a Bursa Malaysia...
Read moreKUALA LUMPUR (Jan 10): Nestcon Bhd’s unit secured a RM200 million contract to build a 47-storey mixed commercial development comprising 320 serviced apartment and 354 strata office with facilities at Jalan Liew Weng Chee here. Nestcon said the 41-month contract was awarded by Armada Istimewa Sdn Bhd for undertaking the construction and completion of earthworks,...
Read moreKUALA LUMPUR (Jan 5): AREA Real Estate Advisory Sdn Bhd (AREA Advisory) has inked a heads of agreement (HOA) with Northern Gateway Sdn Bhd to acquire and develop a 150-acre freehold industrial zoned parcel within the Delapan Special Border Economic Zone (Delapan SBEZ) into a data centre park with an estimated gross development value (GDV)...
Read moreKUALA LUMPUR (Jan 5): Paragon Union Bhd is selling industrial land in Cheras, Selangor for RM17.5 million to D’nonce Technology Bhd with proceeds from the sale earmarked chiefly for working capital and repayment of bank borrowings. Paragon Union said the proposed sale of the land, which contains a single-storey detached factory with a three-storey office annexed, is expected...
Read moreKUALA LUMPUR (Jan 5): Majuperak Holdings Bhd has decided to dispose of a 134.2-hectare leasehold land in Perak to a wholly-owned unit of the state’s agricultural development agency for RM9.53 million as a debt settlement. In a filing on Thursday (Jan 5), the group said that the land, located in the Mukim Sungai Tinggi District of Larut & Matang, is currently charged...
Read moreKUALA LUMPUR (Dec 28): A unit of Berjaya Corp Bhd (BCorp) is acquiring six parcels of freehold land collectively measuring about 20,977.15 square metres in Yokohama, Japan, for ¥12.66 trillion (RM408.82 million) cash. BCorp said its wholly owned subsidiary Berjaya Yokohama Hospitality Asset TMK is contemplating the development of a Four Seasons Yokohama Harbour Edge...
Read moreKUALA LUMPUR (Jan 3): Gamuda Bhd’s unit is acquiring eight parcels of freehold lands in Rawang collectively spannning 532 acres for RM360 million. Gamuda said its wholly owned subsidiary Gamuda Land (Botanic) Sdn Bhd is buying these lands from Kundang Properties Sdn Bhd for a mixed development with a gross development value of RM3.3 billion over a...
Read moreKUALA LUMPUR (Dec 29): Sunway Real Estate Investment Trust is going to sell a seven-storey purpose-built hospital and land it bought for RM310 million a decade ago from Sunway Bhd’s healthcare arm under a sale-and-lease-back arrangement — known as Tower A & B of Sunway Medical Centre — back to the latter for RM430 million....
Read moreKUALA LUMPUR (Dec 29): TAFI Industries Bhd’s unit has secured a RM205 million contract to build 941 units of Small Office Home Office (Soho) and related facilities in Subang Jaya, Selangor for the project’s main contractor, Metbuild Sdn Bhd. Additionally, the group’s wholly owned subsidiary TA Furniture & Projects Sdn Bhd has been appointed as the project management...
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