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Canada fund buys into Pavilion Damansara Heights

Pavilion Damansara Heights is a mixed-use development located in Jalan Damanlela, Pusat Bandar Damansara here, less than 10km from the Petronas Twin Towers. CPPIB said the location is well connected by a network of highways and strategically served by two upcoming mass rapid transit stations within walking distance from the development.

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‘Nexgram’s RM47 mil consultation fee is justifiable’

Nexgram group executive director Alan How noted that the consultant’s fee for a property development project is usually in the range of 8% to 12%. Based on estimated total construction costs of RM906 million, Nexgram’s consultation fee could increase to as high as RM108 million.

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WCT to reap about RM60m profit from TRX contract win

On Monday, WCT was awarded a RM754.8 million contract from 1MDBRE involving infrastructure and roads at TRX. It also announced that it will be acquiring several plots of land in the TRX totalling 1.65 acres (0.67ha) from 1MDBRE for RM223 million or RM3,097 per sq ft (psf).

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