KUALA LUMPUR: UEM Sunrise Bhd has announced that three of its indirect wholly-owned subsidiaries have inked eight deals to dispose of about 46.9ha of freehold lands to PGB Landmark Sdn Bhd, a subsidiary of Paragon Globe Bhd, for a combined RM146.1mil. Nusajaya Rise Sdn Bhd and Symphony Hills Sdn Bhd collectively signed five sales and purchase agreements for...
Read moreSYDNEY: Australian pension fund UniSuper said on Wednesday it had bought an undeveloped site next to Sydney’s planned new international airport to develop a logistic hub worth around A$3.9 billion (US$2.5 billion), its second major property deal in three weeks. The purchase, a 50/50 joint venture with unlisted property fund manager ISPT, marks the latest...
Read moreKUALA LUMPUR, 2nd Dec 2023 – Gamuda Land, the property division of Gamuda Bhd, is embarking on a significant venture, investing RM150 million in collaboration with Dusit International to develop Selangor’s first ASAI hotel project in Gamuda Cove. Scheduled to open in the first quarter of 2026, the 280-room ASAI Gamuda Cove hotel will be managed...
Read moreKUALA LUMPUR, 7th Mar 2024 – On Wednesday, Bank Pembangunan Malaysia Bhd announced its commitment to provide RM253.5 million in financing for the construction of a data center in Cyberjaya, Selangor. The tawarruq asset financing facilities will support the development of a tier-three data center by Pi Data Centre Sdn Bhd (PiDC), according to a statement...
Read morePETALING JAYA: Furniture manufacturing and property group Sand Nisko Capital Bhd (SNC) has unveiled plans to develop a RM1.75 billion mixed development project in Melaka in partnership with colourful businessman Tedy Teow. Teow is the Penang-born founder of the Mobility Beyond Imagination Group (MBI). In a Bursa Malaysia filing yesterday, SNC said its wholly-owned subsidiary,...
Read morePETALING JAYA: Eco World Development Group Bhd (EcoWorld Malaysia) has proposed to acquire 13 parcels of land totalling 97.25 hectares in Iskandar Puteri, Johor, to develop a mixed residential and commercial township with a preliminary estimated gross development value of RM3.88 billion. The proposed development would comprise affordable products (both high-rise and landed) suitable for...
Read morePETALING JAYA: Iskandar Waterfront City Bhd (IWCITY) unveiled its master development plan for the next 10 years involving the phased development of 59.08 hectares with a total gross development value (GDV) of RM4.3 billion. In a statement today, the company said the developments will be strategically located near the Bukit Chagar Rapid Transit System (RTS)...
Read moreKUALA LUMPUR (Feb 29): Property developer Tropicana Corp Bhd is acquiring a piece of leasehold land in Kota Damansara for RM224 million to be developed into a residential area comprising four to five tower blocks of serviced apartments, with an estimated gross development value of about RM2.8 billion. The land, measuring 7.79 acres, is situated adjacent to...
Read moreKUALA LUMPUR (March 1): Renewable energy player Pekat Group Bhd is selling an industrial freehold land, measuring 12,813.89 sq m, for RM21 million cash, to realise the value of the unused property, with proceeds from the sale to be used for working capital. The group’s wholly owned Pekat Teknologi Sdn Bhd had, on Feb 29,...
Read moreThe REIT plans to convert the property into a temperature-controlled distribution center. CapitaLand Malaysia REIT (CMRM) announced that the trustee of CapitaLand Malaysia Trust (CLMT) has entered into a sale and purchase agreement to acquire a freehold logistics warehouse at Shah Alam, Selangor for MYR38.7m (approximately $11.4m). The warehouse is located at the HicomGlenmarie Industrial Park....
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