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IOI Properties secures conditional SC approval for proposed RM7.58 bil REIT listing

IOI Properties secures conditional SC approval for proposed RM7.58 bil REIT listing

news

Updated:
  • IOI Properties Group received conditional SC approval for its REIT.
  • This REIT will acquire nine properties for RM7.578 bil.
  • The approval includes conditions for Bumiputera equity and licensing.
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MRCB proposes RM419.05 mil Cyberjaya land sale for data centre development

MRCB proposes RM419.05 mil Cyberjaya land sale for data centre development

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Updated:
  • MRCB plans to dispose of seven parcels of land in Cyberjaya for RM419.05 mil cash.
  • The sale to Digital Cosmos Malaysia will yield an RM81.4 mil gain.
  • Proceeds will repay debt, improve cash flow, and fund new projects.
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Mana Mana Hospitality manages 395 serviced-apartment units at The Stallionz @ Ipoh White Times Square

Mana Mana Hospitality manages 395 serviced-apartment units at The Stallionz @ Ipoh White Times Square

news

Updated:
  • Mana Mana Hospitality is managing 395 serviced-apartment units at The Stallionz @ Ipoh White Times Square.
  • The Stallionz is a leasehold commercial development by Exsim Caldwell (Ipoh) Sdn Bhd.
  • Nightly rates range from RM180 to RM300, varying by season.
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Avaland tops out 100%-sold Amika Residences ahead of construction schedule

Avaland tops out 100%-sold Amika Residences ahead of construction schedule

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Updated:
  • Avaland Bhd topped-out Amika Residences, with construction progressing ahead of schedule.
  • The development featuring 468 serviced apartments across two towers has also achieved full take-up.
  • Avaland plans over RM1 bil in new projects for 2026, including Aetas Taman Desa.
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Penang to assess structural safety of heritage buildings after Armenian Street incident

Penang to assess structural safety of heritage buildings after Armenian Street incident

news

Updated:
  • Penang will assess heritage building safety after debris injured tourists at Armenian Street in George Town.
  • An independent engineer will identify unsafe structures for restoration.
  • Preliminary inspections indicated the collapse was caused by termite damage.
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HexTech proposes related-party disposal of Nilai land unit, to receive RM38.14 mil cash proceeds

HexTech proposes related-party disposal of Nilai land unit, to receive RM38.14 mil cash proceeds

news

Updated:
  • HexTech plans to sell its subsidiary, GBWSB, to Hextar Holdings for RM38.14 mil.
  • This related-party transaction involves the sale of five industrial land parcels in Nilai.
  • HexTech expects a RM31.59 mil gain and will use proceeds for expansion and debt repayment.
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Media Chinese completes disposal of Toronto industrial property for RM28.65 mil

Media Chinese completes disposal of Toronto industrial property for RM28.65 mil

news

Updated:
  • MCIL sold its Toronto property for C$9.9 mil.
  • The sale was completed on August 6th.
  • Transaction involved the sale of the land and a single-storey industrial building at 1355 Huntingwood Drive.
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Cengild Medical JV for Penang hospital becomes unconditional after shareholder approval

Cengild Medical JV for Penang hospital becomes unconditional after shareholder approval

news

Updated:
  • Cengild Medical's hospital joint venture is now unconditional.
  • Shareholders approved the plan at an EGM.
  • This hospital will be on Andaman Island, Penang.
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A1 A.K. Koh’s RM16.73 mil Puchong land acquisition turns unconditional

A1 A.K. Koh’s RM16.73 mil Puchong land acquisition turns unconditional

news

Updated:
  • A1 A.K. Koh Group's RM16.73 mil land acquisition in Puchong is now unconditional.
  • The new building will replace A1's rented 4,938 sq ft office in Taman Perindustrian OUG.
  • They plan a four-story commercial building for a regional office on the Puchong land.
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BMS proposes RM23.8 mil acquisition of Cheras industrial property for expansion

BMS proposes RM23.8 mil acquisition of Cheras industrial property for expansion

news

Updated:
  • BMS Holdings Bhd plans to buy a Cheras industrial property for RM23.8 mil.
  • This acquisition supports expansion and operational needs, eliminating rental risks.
  • The purchase will be funded by internal funds and/or bank borrowings.
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