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Axis REIT and Ann Joo mutually terminate Penang industrial property acquisition on unsatisfactory due diligence findings

Axis REIT and Ann Joo mutually terminate Penang industrial property acquisition on unsatisfactory due diligence findings

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Updated:
  • Axis REIT has terminated the RM800 million acquisition of a property from Ann Joo Steel.
  • Both parties agreed to end the deal without any claims against each other.
  • The acquisition was initially announced in November 2025, involving a lease-back arrangement.
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Paramount converts Sinaran Residences and Sinaran Avenue in Utropolis Batu Kawan to freehold tenure

Paramount converts Sinaran Residences and Sinaran Avenue in Utropolis Batu Kawan to freehold tenure

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Updated:
  • Paramount Property has converted Sinaran Residences and Sinaran Avenue from leasehold to freehold.
  • This change benefits 980 purchasers, with freehold titles issued to 964 and 16 buyers respectively.
  • The initiative enhances property value and ownership security, removing lease expiry concerns!
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Sunway, Equalbase open 103° free commercial zone in Johor as operations commence

Sunway, Equalbase open 103° free commercial zone in Johor as operations commence

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Updated:
  • Sunway Group and Equalbase have launched 103°, a 55-hectare free commercial zone in Johor.
  • This zone features two completed warehouses and aims to enhance the Johor-Singapore growth corridor.
  • Future phases will expand the area to over six million sq ft of industrial real estate by 2028!
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KPKT proposes Malaysia–Cambridge platform to anchor urban policy, affordable housing targets

KPKT proposes Malaysia–Cambridge platform to anchor urban policy, affordable housing targets

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Updated:
  • KPKT proposes a Malaysia–Cambridge Urban Platform for urban planning collaboration.
  • The initiative aims to enhance housing policy and align with the MADANI framework and SDGs.
  • Announcement underscores a policy-driven approach to addressing structural imbalances in the housing market.
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Shah Alam JV collapse: Magna Prima’s RM45 mil outlay marks reversal of RM160 mil deleveraging plan

Shah Alam JV collapse: Magna Prima’s RM45 mil outlay marks reversal of RM160 mil deleveraging plan

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Updated:
  • Magna Prima Bhd is investing RM45 million to regain control of a 20-acre Shah Alam parcel after a JV collapse.
  • Original plan aimed for RM160 million in proceeds but left the site undeveloped, prompting OCR Group's exit.
  • Shift highlights diverging strategies, with Magna focusing on asset control while OCR prioritises liquidity.
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EPF to reject Sunway’s offer for its IJM shares, sources say

EPF to reject Sunway’s offer for its IJM shares, sources say

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Updated:
  • The Employees Provident Fund has decided to reject Sunway Bhd's offer for its shares in IJM Corporation.
  • EPF decided to turn it down on the grounds that the price did not reflect the intrinsic value of IJM.
  • EPF will be the second govt-linked investment fund that rejects Sunway's takeover offer for IJM, after PNB.
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EPF abstained from voting on Sunway's takeover offer for IJM

EPF abstained from voting on Sunway's takeover offer for IJM

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Updated:
  • The Employees Provident Fund (EPF) abstained from voting on Sunway Bhd's takeover offer for IJM Corp.
  • Sunway's offer of RM3.15 per share was deemed unfair by M&A Securities, suggesting a significant discount.
  • IJM shares rose 5.06% to RM2.49, while Sunway's shares increased by 1.53% to RM5.31.
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Sunway says MACC has cleared it of wrongdoing in IJM takeover deal

Sunway says MACC has cleared it of wrongdoing in IJM takeover deal

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Updated:
  • Sunway Bhd has been cleared by the MACC regarding its takeover offer for IJM Corporation Bhd.
  • Founder Tan Sri Dr Jeffrey Cheah announced the clearance, assuring shareholders of the deal's merits.
  • The MACC's investigation focused on potential corruption and governance violations linked to the acquisition.
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Tan Chong completes RM148.8m Jalan Putra land disposal in Kuala Lumpur

Tan Chong completes RM148.8m Jalan Putra land disposal in Kuala Lumpur

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Updated:
  • Tan Chong Motor has completed the RM148.8 million sale of nine land plots, strengthening its liquidity.
  • The buyer was Solid Interest Sdn Bhd (a subsidiary under the Avaland Holdings umbrella).
  • Consolidated site may offer flexibility for future higher-density development given its location and scale.
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REHDA Institute’s UK study tour engages London mayor’s office and Foster + Partners on housing, regeneration and future city models

REHDA Institute’s UK study tour engages London mayor’s office and Foster + Partners on housing, regeneration and future city models

news

Updated:
  • REHDA Institute's AREL Study Tour in the UK aims to enhance Malaysia's real estate knowledge.
  • The delegation, led by industry leaders, focuses on urban regeneration and housing strategies.
  • Insights gained from London’s mayor's office and Gamuda Land's PBSA project.
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Axis REIT and Ann Joo mutually terminate Penang industrial property acquisition on unsatisfactory due diligence findings