Tri-Mode to acquire leasehold land in Pulau Indah for RM42m

KUALA LUMPUR (Oct 31): Tri-Mode System (M) Bhd has proposed to acquire three parcels of leasehold land in Pulau Indah, Klang for a total cash consideration of RM42 million. “The proposed acquisitions form part of the group’s strategy to accumulate strategic land to accommodate Tri-Mode’s future operation requirements in the Port Klang region,” said the logistics solutions provider...

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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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Singapore is Japan’s top property investor in 2023, report says

(Sept 24): Singapore became the biggest investor in Japan’s real estate sector this year, lured by the yen’s weakness and growing demand in logistics and hospitality industries, according to Knight Frank LLP. Inflows from the city-state totaled almost US$3 billion (RM14 billion) so far in 2023, followed by investors from the US, Canada, and the...

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Knight Frank Asia-Pacific office rental index drops by 1.6% q-o-q for 2Q2023

KUALA LUMPUR (Aug 14): Knight Frank’s Asia-Pacific Prime Office Rental Index for 2Q2023 has dropped by 1.6% quarter-on-quarter (q-o-q), maintaining a year-long downward trend since 2Q2022.  This “can largely be attributed to continued soft conditions in the Chinese Mainland”, stated the global real estate consulting firm in a media release. Vacancies rose marginally by a quarter...

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Axis REIT Receives BRDC 2 Ahead Of Schedule, Boost Occupancy To 92%

Axis Real Estate Investment Trust has announced that the development of its Bukit Raja Distribution Centre 2, a warehouse facility, located at Bukit Raja Selatan Industrial Area, Shah Alam, Selangor Darul Ehsan, has been completed upon obtaining the Certificate of Completion and Compliance on 1 August 2023. With the CCC in hand, Axis-REIT will be...

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