KIP REIT to acquire Setapak Central Mall for RM435m, plans unit placement to fund deal

KIP REIT to acquire Setapak Central Mall for RM435m, plans unit placement to fund deal

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Updated:
  • KIP REIT plans to acquire Setapak Central Mall for RM435 million from Festiva Mall Sdn Bhd.
  • The acquisition will increase KIP REIT's property value by 26.1% and make the mall its largest asset.
  • The deal is subject to approvals and includes safeguards due to an ongoing vendor dispute.
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UEM Sunrise jumps 12% as takeover speculation, re-rating hopes lift rally

UEM Sunrise jumps 12% as takeover speculation, re-rating hopes lift rally

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Updated:
  • UEM Sunrise Bhd has seen a 12.71% rise, driven by speculation of undervaluation and takeover interest.
  • The stock reached 66.5 sen, with a market cap of RM3.37 billion, gaining nearly 32% since April 22.
  • Analysts suggest potential re-rating and trading opportunities as the company aims to unlock Johor landbank.
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KLCCP Stapled Group flags cost pressures on retail, hotel segments amid Middle East tensions

KLCCP Stapled Group flags cost pressures on retail, hotel segments amid Middle East tensions

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Updated:
  • KLCCP Stapled Group faces cost pressures in retail and hotel segments due to economic uncertainty.
  • Group aims to maintain cost discipline and operational efficiency while achieving single-digit rental growth.
  • Despite challenges, KLCCP reported a record net profit of RM1.28 billion for FY2025.
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Ekovest abandons RM310m RTS Link land deal after more than two years of negotiations

Ekovest abandons RM310m RTS Link land deal after more than two years of negotiations

news

Updated:
  • Ekovest Bhd has cancelled its RM310 million land acquisition for the JB-Singapore RTS Link.
  • Both parties agreed to release each other from obligations after the deal lapsed.
  • Ekovest remains open to future acquisition opportunities if they arise.
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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

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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

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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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Malaysia Semiconductor IC Design Park on track to meet 400-engineer target by end-2026 — Sidec

Malaysia Semiconductor IC Design Park on track to meet 400-engineer target by end-2026 — Sidec

news

Updated:
  • The Malaysia Semiconductor IC Design Park has hired 302 engineers, aiming for 400 by 2026.
  • About 80% of hires are fresh graduates, boosting local semiconductor talent.
  • The park supports high-impact sectors and has trained 360 students through its Advanced Semiconductor Academy.
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