Gamuda wins RM3.45 bil contract for Kaohsiung MRT in Taiwan

KUALA LUMPUR (Oct 25): Gamuda Bhd, together with its joint venture partner in Taiwan, has bagged a design and build contract for the construction of Taiwan’s Kaohsiung Mass Rapid Transit (MRT) metropolitan line from Kaohsiung City government for RM3.45 billion. This latest project marks its third railway project in Taiwan and second project in Kaohsiung....

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Axis REIT acquires N Sembilan industrial facilities for RM48m

KUALA LUMPUR (Oct 25): Axis Real Estate Investment Trust (REIT) is acquiring industrial premises in Negeri Sembilan for a cash consideration of RM48 million. The vendors of this transaction are BSS Development Sdn Bhd and Matrix IBS Sdn Bhd. Both companies are wholly owned subsidiaries of Matrix Concepts Holdings Bhd. The property is situated within...

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Gamuda Land unveils 12 tenants for Quayside Plaza

KUALA LUMPUR (Oct 19): Gamuda Land on Thursday signed memorandum of understanding (MOU) with 12 tenants for its upcoming Quayside Plaza in its twentyfive7 township development located in Telok Panglima Garang, Selangor. The 12 tenants are Jihun Korean Fried Chicken, My BurgerLab, BarTailor, Chinese traditional herbal jelly and tea vendor Koong Woh Tong, beauty and collagen drink...

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Destini sued over sale of two plots of land amounting to RM24.5 mil

KUALA LUMPUR (Oct 18): Valiant First Sdn Bhd has filed a suit against aviation and defence company Destini Bhd, seeking specific performance for the completion of the sale of two plots of land in Glenmarie and Bukit Jelutong. In the statement of claim viewed by The Edge, Destini had agreed to sell the plots of industrial land to Valiant...

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Avaland and AmBank form strategic partnership to fund RM129.8 mil green financing for Alora Residences

SUBANG JAYA (Oct 18): AmBank has inked green financing facilities with Avaland Bhd valued at RM129.8 million for Alora Residences, the first phase of 2Fifth Avenue, green-inspired masterplan. This strategic partnership is a validation of Avaland’s initial green achievement for Alora Residences which obtained GreenRE Gold certification recently as well as the sustainable designs and plans for 2Fifth...

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AME REIT concludes RM69m maiden post-listing acquisition exercise

KUALA LUMPUR (Oct 16): AME Real Estate Investment Trust (AME REIT) has fully concluded its maiden post-listing acquisition exercise of three industrial properties in Iskandar Malaysia, Johor worth RM69.25 million. This comes after the completed acquisition of the third industrial property of Plot 16 at i-Park @ Indahpura in Iskandar Malaysia from its sponsor, AME Elite Consortium Bhd,...

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Propel Global to acquire land in Pahang for RM14.7 mil for proposed commercial development

KUALA LUMPUR (Oct 12): Propel Global Bhd is to purchase two parcels of land in Kuala Kuantan, Pahang for RM14.7 million to undertake a commercial development project with a gross development value (GDV) of RM68 million. The construction firm said its wholly-owned subsidiary Propel Global Development Sdn Bhd has inked agreements with the vendor, Goldhill Deluxe Sdn Bhd,...

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HIL Industries to buy property firm for RM46 mil in related party deal

KUALA LUMPUR (Oct 12): HIL Industries Bhd has proposed to acquire a company that owns land near the Shah Alam–Klang border that has been earmarked for residential development, in a related party transaction. The moulded plastic products maker and property developer said it is acquiring Broadwise Corporation Sdn Bhd (BCSB) via its wholly owned subsidiary, Amverton Prop...

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