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IGB disposes of St Giles Hotel London and shares in Ravencroft Investment for £220 million

IGB disposes of St Giles Hotel London and shares in Ravencroft Investment for £220 million

news

Updated:
  • IGB Bhd's associates sold UK assets, including St Giles Hotel London, for £220 million.
  • The transactions were finalized on January 9, 2026, with IGB's share of net gains at RM452.6 million.
  • Trading of IGB shares was suspended but will resume at 10am on Monday.
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Bandar Bukit Raja emerges as key industrial growth node in Klang corridor

Bandar Bukit Raja emerges as key industrial growth node in Klang corridor

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Updated:
  • Klang is a leading industrial hub in Malaysia, with Bandar Bukit Raja as a key growth area.
  • Sime Darby Property is expanding its industrial offerings, focusing on diverse business needs.
  • The region attracts significant investment due to its strategic location and robust infrastructure.
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CIDB appoints Ahmad Farrin as new chief executive

CIDB appoints Ahmad Farrin as new chief executive

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Updated:
  • Ahmad Farrin Mokhtar is the new CEO of CIDB, effective June 8.
  • He brings diverse experience in policy, enforcement, and development.
  • He shaped CIDB's strategic plan and national construction policy.
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Tropicana Metropark contributes RM5 mil for Taman Batu Tiga mosque in Subang Jaya

Tropicana Metropark contributes RM5 mil for Taman Batu Tiga mosque in Subang Jaya

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Updated:
  • Tropicana Metropark donated RM5 mil for a new mosque in Subang Jaya.
  • This supports community building and ESG initiatives.
  • The mosque, which will be built on a 1.28-acre site, is designed to accommodate about 2,000 worshippers.
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Highland Towers to be demolished before year end, says MPAJ

Highland Towers to be demolished before year end, says MPAJ

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Updated:
  • The Highland Towers will be demolished by year-end.
  • A Magistrates’ Court decision approved the Ampang Jaya Municipal Council's plan.
  • The 1993 collapse killed 48 people.
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Rise of ‘branded’ living adds new value to Malaysia’s luxury property landscape

Rise of ‘branded’ living adds new value to Malaysia’s luxury property landscape

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Updated:
  • The property sector is having a strong rebound, with branded residences emerging as a key growth segment.
  • Asia Pacific leads this trend, driven by rising wealth and a desire for luxury living.
  • Malaysia, particularly Kuala Lumpur, is a pioneer in this market, with Penang and Johor becoming new hubs.
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Unauthorised buildings cannot receive water, electricity supply, says Nga

Unauthorised buildings cannot receive water, electricity supply, says Nga

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Updated:
  • Illegal buildings will not receive utilities.
  • This prevents unauthorised settlements, including those by foreign communities.
  • The government revoked 26,108 foreign-operated business licences this year.
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Exsim achieves 100% green certification for high-rise portfolio

Exsim achieves 100% green certification for high-rise portfolio

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Updated:
  • Exsim's high-rise developments are now being 100% green-certified.
  • Exsim won two 2026 FIABCI World Prix d’Excellence Awards.
  • Millerz Square and The Arcuz achieved 86% QLASSIC scores.
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