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Kerjaya Prospek bags RM52.5 mil subcontract for Klang Valley data centre power infrastructure

Kerjaya Prospek bags RM52.5 mil subcontract for Klang Valley data centre power infrastructure

news

Updated:
  • Kerjaya Prospek Group secured a RM52.5 mil subcontract for a data centre landing station.
  • This project involves civil, structural, and M&E works in the Klang Valley.
  • The contract runs from July 2026 to January 2027, boosting future earnings.
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Hektar REIT submits Bursa listing application for RM125 mil school acquisition

Hektar REIT submits Bursa listing application for RM125 mil school acquisition

news

Updated:
  • Hektar REIT applied to Bursa Malaysia for a RM125 mil acquisition.
  • They are planning an acquisition and sale-and-leaseback of KYS KL East International School.
  • The deal involves cash and new REIT units, pending approvals.
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IOI Properties raises proposed REIT portfolio valuation to RM7.66 bil, enlarges retail offering

IOI Properties raises proposed REIT portfolio valuation to RM7.66 bil, enlarges retail offering

news

Updated:
  • IOIPG revised its REIT plan after a valuation increase of RM86 mil.
  • The portfolio is now valued at RM7.664 bil, a 1.1% rise.
  • Retail allocation for the unit offering also increased significantly.
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KIP REIT posts record FY2026 results, lifts annual distribution to 7.26 sen

KIP REIT posts record FY2026 results, lifts annual distribution to 7.26 sen

news

Updated:
  • KIP REIT achieved record FY2026 results, driven by new acquisitions and strong rental income.
  • Revenue rose 30.1% to RM177.1 mil, with net profit up 26.2% to RM145.3 mil.
  • A final distribution of 2.03 sen per unit brings the total payout to a record 7.26 sen.
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KIP REIT clears Setapak Central Mall acquisition after RM435 mil deal gains unitholder approval

KIP REIT clears Setapak Central Mall acquisition after RM435 mil deal gains unitholder approval

news

Updated:
  • KIP REIT unitholders approved the RM435 mil Setapak Central Mall acquisition.
  • The sale and purchase agreement is now unconditional.
  • This advances KIP REIT's acquisition process significantly.
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YNH Property defers RM34.4m coupon payments to fund ongoing projects

YNH Property defers RM34.4m coupon payments to fund ongoing projects

news

Updated:
  • YNH Property Bhd deferred RM34.41 mil in coupon payments to preserve cash.
  • This deferral supports ongoing developments like Solasta Dutamas and township projects.
  • The company awaits a RM455 million land disposal to redeem securities.
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Pavilion REIT 2Q property income up 11%, declares 5.17 sen DPU

Pavilion REIT 2Q property income up 11%, declares 5.17 sen DPU

news

Updated:
  • Pavilion REIT's 2Q net property income rose 11.1% to RM142.28 mil.
  • Hotel rental income and lower electricity costs drove this increase.
  • An interim distribution of 5.17 sen per unit was proposed.
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Hap Seng-Naza TTDI JV unveils KL Midtown Signature Office Towers with confirmed tenancies

Hap Seng-Naza TTDI JV unveils KL Midtown Signature Office Towers with confirmed tenancies

news

Updated:
  • KL Midtown Signature Office Towers, a new Grade A development in Dutamas, has been unveiled.
  • It was developed through a JV between Hap Seng Land and Naza TTDI.
  • The first tenant moves in soon, with more expected next year.
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AME REIT to buy three freehold industrial plots in Johor-Singapore SEZ

AME REIT to buy three freehold industrial plots in Johor-Singapore SEZ

news

Updated:
  • AME REIT is buying 8.87 acres of industrial land in Johor for RM50.2 mil.
  • This is their first third-party acquisition, expanding their i-Park presence.
  • They plan to develop custom industrial facilities to meet market demand.
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Maybulk shareholders approve RM278.05 mil disposal of Klang freehold land

Maybulk shareholders approve RM278.05 mil disposal of Klang freehold land

news

Updated:
  • Maybulk shareholders approved selling land in Klang, Selangor for RM278.05 mil.
  • The resolution passed with 99.9938% of votes in favor at an EGM.
  • This approval allows Maybulk to proceed with the land disposal.
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Kerjaya Prospek bags RM52.5 mil subcontract for Klang Valley data centre power infrastructure