Global Oriental sells retail units in Pavilion Embassy for RM35 mil

Global Oriental sells retail units in Pavilion Embassy for RM35 mil

news

Updated:
  • Global Oriental Bhd is selling 18 retail units in Pavilion Embassy for RM35 million to reduce debt.
  • The sale will yield a net gain of RM7.4 million and is expected to close within three months.
  • The proceeds will help pay off trade payables and fund working capital needs.
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Bedi completes RM15.92m land acquisition in Kota Kinabalu for future mixed development

Bedi completes RM15.92m land acquisition in Kota Kinabalu for future mixed development

news

Updated:
  • Bedi Bhd has acquired an 8.7-acre land parcel in Kota Kinabalu, Sabah, for RM15.9 million.
  • The acquisition, completed through Wah Mie Realty, enhances Bedi's landbank for future developments.
  • Funding was sourced from internal funds and bank borrowings, with the site located near key infrastructure.
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PropNex Malaysia clocks RM200m in sales in 2025, celebrates eight years of growth

PropNex Malaysia clocks RM200m in sales in 2025, celebrates eight years of growth

news

Updated:
  • PropNex Malaysia celebrated its eighth anniversary with the Infinity Convention 2026, uniting real estate negotiators.
  • The company achieved RM200 million in sales in 2025, marking significant growth since its 2018 launch.
  • New guiding principles were introduced to enhance performance culture as the company expands its nationwide presence.
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Mitraland launches RM728m ELEV8 industrial project, with first phase 80% sold

Mitraland launches RM728m ELEV8 industrial project, with first phase 80% sold

news

Updated:
  • Mitraland Group has launched ELEV8 Entrepreneurs’ Park, a 95.6-acre industrial project in Selangor.
  • The development, valued at RM728 million, will be completed in three phases by 4Q2028.
  • ELEV8 features modern factory units, a lifestyle hub, and is strategically located near major cargo hubs!
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IOI Properties opens 2.75-acre Central Park at Senna Puteri, eyes RM3b GDV for Sepang township

IOI Properties opens 2.75-acre Central Park at Senna Puteri, eyes RM3b GDV for Sepang township

news

Updated:
  • IOI Properties Group has opened the first phase of Central Park @ Senna Puteri, a community park in Sepang.
  • The park features amenities like multipurpose courts and outdoor gyms, promoting healthy lifestyles.
  • Future developments include additional park components and a transit-oriented development by 2027, supporting 14,000 residents.
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CBH Engineering secures RM29.69 mil data centre substation job in Johor

CBH Engineering secures RM29.69 mil data centre substation job in Johor

news

Updated:
  • CBH Engineering Holding Bhd secured a RM29.69 million order for a data centre in Johor.
  • The contract involves designing and installing a consumer substation, scheduled for completion by September 2026.
  • CBH's order book is heavily focused on data centre projects, with 90% of RM592 million tied to this sector.
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Atrium REIT's 1Q net income rises 17.3% to RM7.29m; declares 2.50 sen distribution

Atrium REIT's 1Q net income rises 17.3% to RM7.29m; declares 2.50 sen distribution

news

Updated:
  • Atrium REIT reported a net income of RM7.29 million for Q1, a 17.3% increase from last year.
  • Gross revenue rose 11.4% to RM13.27 million, driven by new tenancy at ASA5 and rental rate increases.
  • The trust declared a first interim distribution of 2.50 sen per unit, with a payment date set for May 29.
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IWCity extends evaluation of Lim Kang Hoo's merger proposal for the sixth time

IWCity extends evaluation of Lim Kang Hoo's merger proposal for the sixth time

news

Updated:
  • Iskandar Waterfront City Bhd has received a nine-month extension to evaluate a merger proposal until January 2027.
  • This marks the sixth extension since the proposal was first disclosed in September 2023.
  • The proposal aims to consolidate property assets under Ekovest Bhd, with no binding agreement yet in place.
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Mida helps facilitate approval of tax incentives for 220 projects in Johor last year

Mida helps facilitate approval of tax incentives for 220 projects in Johor last year

news

Updated:
  • The Malaysian Investment Development Authority approved tax exemptions for 220 projects in Johor.
  • Johor secured a record RM110 billion in investments for 2025, marking a 69.6% increase.
  • Federal support aims to enhance Johor's status as a high-value manufacturing hub and create job opportunities.
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Global Oriental sells retail units in Pavilion Embassy for RM35 mil