Magni-Tech acquires freehold beachfront land in Tanjong Bungah, Penang for RM133.33m

Magni-Tech acquires freehold beachfront land in Tanjong Bungah, Penang for RM133.33m

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Updated:
  • Magni-Tech Industries Bhd's subsidiary, MLSB, signed an SPA to buy land in Penang for RM133.33 million.
  • The land, freehold and vacant, is intended for investment and development, with no existing encumbrances.
  • The purchase will be funded from internal funds, with completion expected in the second half of 2026.
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Potential sale of Khazanah’s Marina One attracts CapitaLand, Hongkong Land — report

Potential sale of Khazanah’s Marina One attracts CapitaLand, Hongkong Land — report

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Updated:
  • Marina One, a mixed-use development in Singapore, may be sold for S$5.7 bil.
  • Bidders include CapitaLand Group and Hongkong Land, but the price could deter buyers.
  • The project is a result of a 2010 land swap between Malaysia and Singapore, leading to M+S's establishment.
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Rivertree STF Synergies acquires two KL serviced apartment land assets for RM46.3m, targeting combined GDV of RM654.8m

Rivertree STF Synergies acquires two KL serviced apartment land assets for RM46.3m, targeting combined GDV of RM654.8m

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Updated:
  • Rivertree STF Synergies Bhd is restructuring its property portfolio by acquiring two development companies.
  • The acquisitions include a KLCC-fringe plot and Aisya KL East, with a combined GDV of RM654.80 mil.
  • RSSB is also divesting a mixed development project in Kuala Kubu Baharu for RM12.97 mil.
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Capital A in talks with major hotel chain to extend AirAsia brand into hospitality

Capital A in talks with major hotel chain to extend AirAsia brand into hospitality

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Updated:
  • Capital A Bhd is negotiating with a major hotel chain to expand its AirAsia brand into hospitality.
  • The company reported steady performance in 1Q2026, boosted by seasonal travel demand despite geopolitical tensions.
  • Additionally, its logistics unit, Teleport, saw significant growth due to rising e-commerce demand in the Asia-Pacific region.
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PDC, MAHB approve formation of JVco to implement Penang International Logistics Aeropark project

PDC, MAHB approve formation of JVco to implement Penang International Logistics Aeropark project

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Updated:
  • The Penang Development Corporation and Malaysia Airports Holdings have formed a joint venture for Pila.
  • This project aims to develop a cargo terminal to enhance Penang's logistics and industrial growth.
  • The first phase includes a new air cargo warehouse, expected to be operational by 2029, with a capacity of 100,000 tonnes per year.
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Ukas to award MMC Corp-led consortium JB ART project — sources

Ukas to award MMC Corp-led consortium JB ART project — sources

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Updated:
  • The MMC Corp Bhd-DOM Industries Sdn Bhd consortium will develop Johor Bahru's rapid transit system.
  • The project, estimated at RM7 billion, aims to ease traffic congestion and support the JB-Singapore RTS.
  • The automated people mover system proposed is similar to those in Singapore's transit lines.
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Tropicana clarifies four-month announcement delay on Langkawi land buy, cites strategic interdependency with larger RM151 mil acquisition

Tropicana clarifies four-month announcement delay on Langkawi land buy, cites strategic interdependency with larger RM151 mil acquisition

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Updated:
  • Tropicana Corp Bhd announced a delay in a RM44.82 million land acquisition due to its link to a larger deal.
  • The acquisition of the Tanjung Mali parcel is contingent on finalising a neighboring land purchase.
  • The company plans to start development by 4Q2026, pending necessary approvals and conditions.
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Merdeka 118 is Malaysia's first MD Nexus building — here is what it means for rents, tenants and the race to stay relevant

Merdeka 118 is Malaysia's first MD Nexus building — here is what it means for rents, tenants and the race to stay relevant

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Updated:
  • Merdeka 118 is Malaysia's first MD Nexus building, setting a new standard for digital office spaces.
  • It commands premium rents, reflecting its certifications and strategic location in Kuala Lumpur.
  • This designation positions Merdeka 118 as a key player in attracting global digital investors.
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Malaysia has a certified office supply problem — and RM342b in digital investments is about to expose it

Malaysia has a certified office supply problem — and RM342b in digital investments is about to expose it

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Updated:
  • Malaysia has RM342.58 bil in approved digital investments but lacks certified office space.
  • Only 35% of purpose-built offices are MD-certified, limiting real estate absorption.
  • The new MDLR framework aims to address this certification gap and attract digital occupiers.
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Maxim Global gets 24 sen takeover offer from managing director

Maxim Global gets 24 sen takeover offer from managing director

news

Updated:
  • Maxim Global Bhd received a takeover offer of 24 sen per share from managing director Tan Sri Gan Seong Liam.
  • The offer is below recent trading levels, with a discount of 11.11% from the last price of 27 sen.
  • Gan's acquisition raised his stake to 37.33%, and he must extend the offer to other shareholders.
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