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IOI Properties earmarks RM3.07b in REIT proceeds for investment, development

IOI Properties earmarks RM3.07b in REIT proceeds for investment, development

news

Updated:
  • IOI Properties Group Bhd increased its REIT allocation to RM3.07 bil for development.
  • This revised plan includes new property investment and acquisition opportunities.
  • Debt repayment allocation was reduced to RM1.53 bil from RM3.04 bil.
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Building Managers Act? Don't create new board when existing one can be strengthened

Building Managers Act? Don't create new board when existing one can be strengthened

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Updated:
  • The HBA questions a new Building Managers Act, fearing it duplicates existing laws.
  • It suggests strengthening current regulations and enforcement instead of creating new ones.
  • The focus should be on improving accountability and standards for property owners.
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KIP REIT plans upgrades at three malls

KIP REIT plans upgrades at three malls

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Updated:
  • KIP REIT plans asset enhancements for three malls to boost efficiency and rental growth.
  • They are also acquiring Setapak Central Mall for RM435 mil, its largest acquisition yet.
  • This will increase their assets under management to RM2.2 bil, exceeding their 2027 target.
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EcoWorld wins Singapore site tender with S$208.1m bid

EcoWorld wins Singapore site tender with S$208.1m bid

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Updated:
  • EcoWorld won a tender for a Singapore residential site for S$208.099 mil.
  • This marks its debut as a property developer in Singapore.
  • The site is near an MRT station and amenities, targeting affluent families.
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Sunway Healthcare breaks ground on RM800m Iskandar Puteri hospital

Sunway Healthcare breaks ground on RM800m Iskandar Puteri hospital

news

Updated:
  • Sunway Healthcare Group broke ground on its first southern Malaysia hospital.
  • The RM800 mil facility in Johor targets 400+ beds by 2030.
  • It will offer diverse specialist services to local and international patients.
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Sime Darby Property, Kolaxus target over 1,000 students for sustainability hackathon

Sime Darby Property, Kolaxus target over 1,000 students for sustainability hackathon

news

Updated:
  • Sime Darby Property is hosting a hackathon for university students.
  • It focuses on sustainable and livable township solutions.
  • Winners can earn prizes and internships!
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Lagenda Properties raises RM475m in first sukuk issuance

Lagenda Properties raises RM475m in first sukuk issuance

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Updated:
  • Lagenda Capital Bhd issued RM475 mil in sukuk under a RM1.5 bil programme.
  • Proceeds will fund affordable housing acquisitions and working capital.
  • The issuance is unrated, unlisted, and guaranteed by Lagenda Properties.
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Mieco completes RM57m Semenyih property sale to Jin Ye Ye

Mieco completes RM57m Semenyih property sale to Jin Ye Ye

news

Updated:
  • Mieco Bhd sold two industrial properties in Semenyih for RM57 mil.
  • The sale was completed by its subsidiary, Seng Yip Furniture Sdn Bhd.
  • This disposal aims to reduce debt and improve working capital.
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Batu Kawan’s MKH Oil Palm offer closes with 79.58% collective stake

Batu Kawan’s MKH Oil Palm offer closes with 79.58% collective stake

news

Updated:
  • Whitmore Holdings and PACs now own 79.58% of MKHOP after a takeover offer.
  • The offer closed at 66.26 sen per share on Thursday.
  • Whitmore received significant acceptances, increasing their stake.
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S P Setia breaks ground on RM2.6b Atlas Melbourne

S P Setia breaks ground on RM2.6b Atlas Melbourne

news

Updated:
  • S P Setia has begun its A$940 mil Atlas Melbourne residential project.
  • Multiplex is the builder for this 73-story, 858-residence development.
  • Construction will take 52 months, with handovers starting in 2029.
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