PETALING JAYA: Capitaland Malaysia Trust (CLMT) is acquiring three freehold industrial properties in Senai Airport City, Johor, from Rainbow Entity Sdn Bhd for RM72mil. The properties consist of three single-storey detached factories, each with an annexed two-storey office block. In a statement, CLMT said the purchase price is slightly below the independent valuation of RM72.5mil by Nawawi...
Read moreKUALA LUMPUR (Feb 4): Senheng New Retail Bhd (KL:SENHENG) is disposing of a piece of freehold industrial vacant land in Tebrau, Johor, measuring 1.041ha for RM11.21 million cash. The consumer electrical and electronic products retailer said the property has increased in value since it was acquired at a cost of RM7.69 million in 2018. “The...
Read moreKUALA LUMPUR (Feb 4): Ge-Shen Corp Bhd (KL:GESHEN) is to sell Johor Bahru land measuring 4.61 acres in aggregate, with an office, a warehouse, and a factory built atop, for RM35 million in cash. The company’s wholly owned unit Ge-Shen Plastic (M) Sdn Bhd inked a binding term sheet with Plastico Sdn Bhd for the...
Read moreKUALA LUMPUR (Feb 4): Mulpha International Bhd (KL:MULPHA), which in recent years has slimmed down its property portfolio in Malaysia to focus on its activities in Australia, has now decided to dispose of a shopping centre along with its associated marina in Queensland, Australia. The proposed disposal of the Capri on Via Roma property for...
Read moreKUALA LUMPUR (Jan 21): YNH Property Bhd (KL:YNHPROP) is disposing of a two-storey shopping centre, AEON Mall Seri Manjung in Perak, to Sunway Real Estate Investment Trust (KL:SUNREIT) for RM138 million. A sale and purchase agreement was inked between YNH Property’s wholly owned units Kar Sin Bhd and YNH Hospitality Sdn Bhd, with RHB Trustees...
Read moreKUALA LUMPUR: Mah Sing Group Bhd has acquired 1.13 hectares of prime freehold land in Sentul for RM32 million, making it the group’s first land deal for this year. The new project marks Mah Sing’s third development in Sentul, following the success of M Centura and M Arisa, The project, to be named M Aria,...
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...
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