GEORGE TOWN (Jan 20): Fajarbaru Builder Group Bhd and the Penang Development Corporation (PDC) have signed the master purchase and development agreement (master PDA) for the first phase of the Penang Medi-City project in Batu Kawan. Fajarbaru Builder executive chairman and executive director Tan Sri Chan Kong Choy said the first phase of Medi-City spans 20.70 hectares out of the...
Read moreKUALA LUMPUR (Jan 17): Mitrajaya Holdings Bhd said it has secured a RM375.5 million contract for the construction of a data centre in Kuala Lumpur. The construction group said the contract was awarded by NextDC Sdn Bhd, the Malaysian unit of Australia’s data centre operator NextDC Ltd. The contract, awarded to its wholly owned subsidiary Pembinaan...
Read moreKUALA LUMPUR: SUNWAY Bhd’s plans to accelerate investment in Sunway City Iskandar Puteri (SCIP) township mark a significant step in its expansion strategy, as it positions itself to capitalise on the growth of the Johor-Singapore Special Economic Zone (JS-SEZ). CGS International chartered financial analyst Chong Tjen San said it is timely for Sunway to accelerate...
Read moreGEORGE TOWN: Eastern & Oriental Bhd (E&O) has unveiled its latest waterfront residence Maris with a gross development value (GDV) close to RM700mil. In a statement, the property developer said the 49-storey freehold development, launched yesterday, comprises 516 furnished serviced residences and is located in the vibrant Gurney Green district on Andaman Island here. The units are...
Read moreKUALA LUMPUR: The data centre market in Southeast Asia is projected to grow at over five per cent annually, reaching US$14.41 billion (US$1 = RM4.49) by 2029, according to Hitachi Ltd’s unit, Hitachi Vantara LLC. Hitachi Vantara chief technology officer for Asia-Pacific (APAC), Matthew Hardman said the APAC region’s rapid urbanisation and growing digital economy...
Read moreKUALA LUMPUR (Jan 13): Gamuda Bhd said its consortium has been appointed as the main contractor to deliver the first civil works package worth over RM8 billion for the Penang Light Rail Transit project. SRS Consortium Sdn Bhd, a joint venture in which Gamuda owns 60%, will build the Mutiara Line stretching 24km from Komtar in George Town to Island A...
Read moreKUALA LUMPUR (Jan 10): OSK Property Holdings Bhd, the property arm of OSK Holdings Bhd (KL:OSK), is expanding its land bank with the acquisition of four parcels of freehold land measuring 26.33 hectares in Sungai Petani, Kedah, for RM14.17 million. The acquisition will be funded by internal funds and bank borrowings, it said in a...
Read moreKUALA LUMPUR: Sime Darby Property Bhd has acquired two modern double-storey logistics warehouses in Bandar Bukit Raja, Selangor, for RM232mil. In a statement, the property developer said it had acquired the assets from Sime Darby Property MIT Development Sdn Bhd (SDPMIT), a 50:50 joint venture (JV) between Sime Darby Property and a Japanese JV comprising MBK Real...
Read moreSHAH ALAM: Sime Darby Property Bhd’s second fully-owned mall, the Elmina Lakeside Mall (ELM), has achieved a 99% occupancy rate to date. Sharing the malls’ success, group managing director and chief executive officer Datuk Seri Azmir Merican shared that “ELM has exceeded our expectations from the outset, achieving an impressive 99% occupancy rate and attracting significant...
Read moreKUALA LUMPUR (Jan 7): KUB Malaysia Bhd (KL:KUB) is acquiring a building materials company from CI Holdings Bhd (KL:CIHLDG) in a related party transaction deal for RM20 million cash, as part of the group’s strategy to broaden its revenue base. In a filing with Bursa Malaysia on Tuesday, KUB said its wholly owned subsidiary Central Cables...
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