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Axis REIT expands industrial pipeline with RM113 mil Kedah acquisition as growth strategy gathers pace

Axis REIT expands industrial pipeline with RM113 mil Kedah acquisition as growth strategy gathers pace

news

Updated:
  • Axis REIT is acquiring a RM113 mil industrial complex in Kedah.
  • This expands their portfolio in Malaysia's manufacturing and logistics sectors.
  • The acquisition includes a six-year leaseback arrangement with the vendor.
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Johor leads Asia-Pacific data centre pipeline as Klang Valley sees 1H2026 investment rebound, says Knight Frank

Johor leads Asia-Pacific data centre pipeline as Klang Valley sees 1H2026 investment rebound, says Knight Frank

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Updated:
  • Malaysia's data centre sector, especially Johor, leads regionally in capacity and low vacancy.
  • Johor boasts 8,542 MW pipeline capacity and a 0.7% co-location vacancy rate.
  • This growth is driven by stable policies and significant capital inflows.
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Pahang govt warns public of alleged land application fraud scheme in Bentong

Pahang govt warns public of alleged land application fraud scheme in Bentong

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Updated:
  • Pahang uncovered a land application fraud syndicate in Bentong.
  • Syndicate offered land alienation services by asking the public to make payments and sign documents.
  • The state government will not compromise on any attempt to deceive the people.
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Paragon Globe banks on JS-SEZ, RTS Link and data centre demand for Johor growth as FY2026 profit normalises

Paragon Globe banks on JS-SEZ, RTS Link and data centre demand for Johor growth as FY2026 profit normalises

news

Updated:
  • Paragon Globe Bhd (PGB) is expanding into recurring-income ventures in Johor.
  • The company reported RM154.85 mil revenue and RM73.35 million profit for FY2026.
  • PGB focuses on Johor's growth, including industrial and digital infrastructure.
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Axis REIT's 2Q earnings ease on lower occupancy, declares 2.3 sen distribution

Axis REIT's 2Q earnings ease on lower occupancy, declares 2.3 sen distribution

news

Updated:
  • Axis REIT reported slightly lower 2Q earnings due to reduced occupancy and higher expenses.
  • Net profit fell 1.4% to RM46.3 mil, with revenue down 1.6%.
  • A 2.30 sen per unit distribution was declared for the quarter.
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YTL Hospitality REIT FY2026 net profit jumps 62%, declares 8 sen distribution

YTL Hospitality REIT FY2026 net profit jumps 62%, declares 8 sen distribution

news

Updated:
  • YTL Hospitality REIT's net profit surged 62.1% in FY2026 due to higher NPI and fair value gains.
  • Revenue increased 4% to RM570.35 mill, with NPI up 7.5%.
  • The REIT declared a total income distribution of 8 sen per unit for the year.
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EcoFirst 4Q profit slides as KL48 project nears completion

EcoFirst 4Q profit slides as KL48 project nears completion

news

Updated:
  • EcoFirst's 4Q net profit dropped 96.6% to RM485,000 due to lower KL48 project revenue.
  • Full-year net profit fell 35.1% to RM16.16 mil, with revenue down 31.5%.
  • Property investment revenue rose, and EcoFirst plans new launches and landbank expansion.
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PM officiates Maybank’s new headquarters at Menara Merdeka Maybank, the world’s second-tallest building

PM officiates Maybank’s new headquarters at Menara Merdeka Maybank, the world’s second-tallest building

news

Updated:
  • Maybank launched its new headquarters, Menara Merdeka Maybank, in the world's second-tallest building.
  • The bank occupies 33 floors, housing 7,000 employees and several subsidiaries.
  • PM Datuk Seri Anwar Ibrahim officiated, emphasising integrity and governance for financial institutions.
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Archidex 2026 officially launches, expects 40,000 visitors and RM1.4 bil in transactions

Archidex 2026 officially launches, expects 40,000 visitors and RM1.4 bil in transactions

news

Updated:
  • Archidex 2026 expects 40,000 attendees and RM1.4 bil in transactions.
  • The event features 860 exhibitors from 15 countries.
  • It promotes architectural advancement and innovation.
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Econpile bags RM39.52 mil subcontract for Jalan Awan Besar commercial development

Econpile bags RM39.52 mil subcontract for Jalan Awan Besar commercial development

news

Updated:
  • Econpile's subsidiary secured a RM39.52 mil subcontract.
  • It involves earthworks, piling, and substructure for a commercial project.
  • The project is scheduled for completion within 15 months from July 29, 2026.
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Axis REIT expands industrial pipeline with RM113 mil Kedah acquisition as growth strategy gathers pace