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AmFIRST REIT seeks approval for RM331m Menara AmBank sale

AmFIRST REIT seeks approval for RM331m Menara AmBank sale

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Updated:
  • AmFIRST REIT seeks unitholder approval to sell Menara AmBank for RM331 mil cash.
  • This sale will lower its pro forma gearing to 33.94% from 46.60%.
  • The disposal is considered fair and reasonable by an independent adviser.
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Sepang industrial property: diverse price tiers show more than location story

Sepang industrial property: diverse price tiers show more than location story

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Updated:
  • Sepang's industrial property market is diverse, with prices from RM300,000 to RM18 million.
  • Property type, not just location, drives pricing.
  • Link, semidee, and detached factories have distinct price tiers.
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Shin Yang to acquire Kuching industrial property for RM34m in related-party deal

Shin Yang to acquire Kuching industrial property for RM34m in related-party deal

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Updated:
  • Shin Yang Group will acquire an industrial property in Kuching for RM34 mil.
  • This related-party transaction aims to expand logistics operations and reduce rental dependence.
  • The acquisition is expected to enhance operational capacity and logistics efficiency.
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Gamuda wins RM2.54b Parramatta station works contract, secures development rights

Gamuda wins RM2.54b Parramatta station works contract, secures development rights

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Updated:
  • Gamuda's consortium secured an A$880 mil contract for Sydney's Parramatta metro station.
  • This includes development rights for four integrated projects.
  • Gamuda holds an 80% stake in the station works, targeting completion by 2032.
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Amari Kuala Lumpur inducted into luxury lifestyle awards hall of fame

Amari Kuala Lumpur inducted into luxury lifestyle awards hall of fame

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Updated:
  • Amari Kuala Lumpur entered the Luxury Lifestyle Awards Hall of Fame.
  • This honours their luxury hospitality, leadership, and sustainability efforts.
  • The hotel focuses on guest experience and responsible practices.
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Orgabio to buy Semenyih industrial property for RM11.26m for warehousing

Orgabio to buy Semenyih industrial property for RM11.26m for warehousing

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Updated:
  • Orgabio Holdings will buy an industrial property in Semenyih for RM11.26 mil cash.
  • This acquisition supports warehousing for their instant beverage premix operations.
  • The property is near their new factory and will increase storage capacity.
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Kerjaya Prospek lands RM858m Johor data-centre job, completes Tanjung Bungah buyout

Kerjaya Prospek lands RM858m Johor data-centre job, completes Tanjung Bungah buyout

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Updated:
  • Kerjaya Prospek secured an RM858 mil contract for data-centre fit-out works in Johor.
  • This project will boost revenue and strengthen their order book through 2027.
  • Additionally, Kerjaya Prospek fully acquired Tanjung Bungah Development, streamlining its ownership.
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Media Chinese proposes RM19.88m disposal of former Canada printing facility

Media Chinese proposes RM19.88m disposal of former Canada printing facility

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Updated:
  • Media Chinese International is selling its former Canadian office for C$6.85 mil.
  • This disposal is expected to yield a C$5.26 mil gain before taxes.
  • The proceeds will be used for general working capital.
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Bank Negara Malaysia keeps overnight policy rate unchanged

Bank Negara Malaysia keeps overnight policy rate unchanged

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Updated:
  • Bank Negara Malaysia held interest rates steady at 2.75% as expected.
  • This decision aligns with stable prices and strong economic growth.
  • The economy grew 6.0% in 2Q, driven by spending and exports.
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