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ECM Libra enters hotel JV with Plato unit, lines up new management pacts

ECM Libra enters hotel JV with Plato unit, lines up new management pacts

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Updated:
  • ECMLG formed a joint venture with TPRE for Ormond Group Sdn Bhd (OGSB).
  • OGSB will be 50:50 owned by ECMLG and TPRE after TPRE's share subscription.
  • OGSB also signed hotel management agreements for two properties, generating fee income.
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KIP REIT gets Bursa approval for placement linked to Setapak Central acquisition

KIP REIT gets Bursa approval for placement linked to Setapak Central acquisition

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Updated:
  • KIP REIT gained approval for new unit listings to fund its Setapak Central Mall acquisition.
  • This RM435 million purchase will expand KIP REIT's portfolio and boost its assets under management.
  • The acquisition is expected to increase distribution per unit for unitholders.
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Glovemaker Careplus offloads retail asset for RM42m in new-energy vehicle pivot

Glovemaker Careplus offloads retail asset for RM42m in new-energy vehicle pivot

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Updated:
  • Careplus Group plans to sell a Seremban retail complex for RM42 million cash.
  • Proceeds will fund a new-energy vehicle manufacturing hub and repay borrowings.
  • This sale will reduce the group's gearing significantly.
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Sime Darby Property buys Wisma Unirazak for RM160 mil, plans mixed-use project

Sime Darby Property buys Wisma Unirazak for RM160 mil, plans mixed-use project

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Updated:
  • Sime Darby Property will acquire Wisma Unirazak for RM160 mil from PNB.
  • This related-party deal involves a 15-storey office building for redevelopment.
  • The property is proposed to be redeveloped into serviced apartments with commercial components.
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Construction sector valuation improves on easing Iran war risks, job acceleration — HLIB

Construction sector valuation improves on easing Iran war risks, job acceleration — HLIB

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Updated:
  • Construction sector valuations are improving due to easing Iran war tensions.
  • Input costs are retreating, boosting developer confidence for new projects.
  • HLIB maintains an 'overweight' stance, expecting accelerated job flows.
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Sime Darby Property records 85% take-up for Tiara Residences 1 launch in Bukit Jelutong

Sime Darby Property records 85% take-up for Tiara Residences 1 launch in Bukit Jelutong

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Updated:
  • Sime Darby Property launched Tiara Residences 1, achieving an 85% take-up rate.
  • This project offers 59 homes with green spaces and biophilic designs.
  • Future phases and sustainable features are planned for this connected township.
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Berjaya Property enters RM813.35 mil tyre manufacturing JV with Wanli subsidiary

Berjaya Property enters RM813.35 mil tyre manufacturing JV with Wanli subsidiary

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Updated:
  • Berjaya Property and Trusmax Investment formed a JV for automotive tyre manufacturing in Malaysia.
  • Trusmax, a Wanli Tire subsidiary, will hold 70% of the JV.
  • The project involves a 67.90-acre land transfer and RM1.30 bil development cost.
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AI land rush: DayOne's 157-acre Kapar play signals data centre shift towards Klang Valley

AI land rush: DayOne's 157-acre Kapar play signals data centre shift towards Klang Valley

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Updated:
  • DayOne Data Centers plans to acquire 157 acres in Kapar, Klang for RM687.89 mil.
  • This acquisition from three listed companies will create a large data centre campus.
  • The deal, pending shareholder approval, marks DayOne's expansion into Klang Valley.
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Ascott opens first HARRIS hotel in Malaysia at Penang’s Sunshine Central

Ascott opens first HARRIS hotel in Malaysia at Penang’s Sunshine Central

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Updated:
  • Ascott launched HARRIS Hotel & Conventions Sunshine Penang, introducing the brand to Malaysia.
  • This midscale hotel offers family-friendly amenities and integrated retail access.
  • It expands Penang's MICE segment with accommodation and convention facilities.
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