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TWL terminates three Alam Impian JV projects after delayed implementation

TWL terminates three Alam Impian JV projects after delayed implementation

news

Updated:
  • TWL Holdings Bhd terminated three joint venture agreements for the Alam Impian Project.
  • Delays were caused by market changes, the pandemic, and supply issues.
  • TWL Builders received full refunds for consideration sums and development expenses.
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IGB Commercial REIT portfolio value edges up to RM3.25 bil on valuation gains

IGB Commercial REIT portfolio value edges up to RM3.25 bil on valuation gains

news

Updated:
  • IGBCR's property portfolio value rose slightly to RM3.253 bil.
  • Valuation by Knight Frank Malaysia confirmed this increase.
  • The net fair value change from Jan 1 to June 30 was RM841,000.
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Ge-Shen inks fresh RM35.5 mil industrial property deal in Johor consolidation

Ge-Shen inks fresh RM35.5 mil industrial property deal in Johor consolidation

news

Updated:
  • Ge-Shen Corp Bhd will sell five industrial properties for RM35.5 mil cash.
  • This new agreement follows a terminated deal due to financing issues.
  • The sale will improve finances and streamline operations.
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Rhong Khen buys three Kapar factories for RM47 mil to streamline manufacturing

Rhong Khen buys three Kapar factories for RM47 mil to streamline manufacturing

news

Updated:
  • Rhong Khen International (RKIB) is acquiring three factory properties in Kapar, Selangor, for RM47 mil cash.
  • The purchase aims to consolidate RKIB's furniture operations and enhance operational synergies.
  • The transaction is expected to complete within four to five months after government approvals.
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Mah Sing plans RM2.26 bil MS Industrial Park @ Kulai via land deal

Mah Sing plans RM2.26 bil MS Industrial Park @ Kulai via land deal

news

Updated:
  • Mah Sing Group plans to buy 419.17 acres in Johor for RM273.87 mil cash.
  • This land will become MS Industrial Park @ Kulai, with an estimated GDV of RM2.26 bil.
  • The project aims to boost Mah Sing's industrial portfolio and support the JS-SEZ.
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Propel Global exits non-core Bangi industrial sites in RM6.75 mil deal

Propel Global exits non-core Bangi industrial sites in RM6.75 mil deal

news

Updated:
  • Propel Global Bhd plans to sell two industrial properties for RM6.75 mil.
  • This disposal aims to reduce costs and improve cash flow for the company.
  • Proceeds will fund working capital and redeem a trade facility.
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S P Setia launches Kempen Impian Bumiputera with RM285,000 IKEA rewards

S P Setia launches Kempen Impian Bumiputera with RM285,000 IKEA rewards

news

Updated:
  • S P Setia launched Kempen Impian Bumiputera, a homeownership campaign.
  • It offers RM5,000 each in IKEA gift cards to 57 eligible Bumiputera buyers.
  • This campaign runs from July 1 to September 30 nationwide.
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MN Associates anchors growth plan on property talent development, tech integration

MN Associates anchors growth plan on property talent development, tech integration

news

Updated:
  • MN Associates honoured top property professionals at its Golden Recognition Awards 2025.
  • The company emphasises integrity and trust over mere sales achievements for sustainable success.
  • MN Associates aims to develop future leaders and expand its services by 2030.
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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

news

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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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

news

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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TWL terminates three Alam Impian JV projects after delayed implementation