Axis REIT to acquire two auto service centres for RM125m
Axis Real Estate Investment Trust (KL:AXREIT), which mainly manages offices and warehouses, said on Thursday it is acquiring two automotive service centres worth RM125 million.
Sime Darby Property soars to near six-year high after 1Q results
Shares of Sime Darby Property Bhd (KL:SIMEPROP) climbed to its highest in nearly six years as analysts scrambled to raise their forecasts after the developer reported better-than-expected results.
Pintaras Jaya rises to 14-month high after announcing 3Q results
Trading in the stock was also more active than usual, with volume nearly four times its 200-day moving average.
IJM, partner secure eight central London sites for development
IJM Land Bhd, the property arm of construction giant IJM Corporation Bhd (IJM Corp)(KL:IJM), said on Thursday that it has secured eight central London sites for development with its partner Network Rail Property.
BNM keeps overnight policy rate unchanged as widely expected
Malaysia’s central bank on Thursday left the benchmark interest rate unchanged as widely expected, citing improving economic activity amid moderate inflation.
UOA Development to launch two projects worth RM2.7b by June
Real estate developer UOA Development Bhd said it plans to launch two new projects worth an estimated RM2.7 billion in gross development value (GDV) this year.
I-Bhd to raise RM100m from preference share issue
I-Bhd, which develops properties and operates theme parks, said on Wednesday it is planning to issue preference shares to its major shareholder in a deal that could raise up to RM100 million.
Axis REIT's latest acquisition to boost earnings, is yield accretive — analysts
The acquisition of the Amsteel Mills Sdn Bhd properties is expected to generate a yield of 7% for the first three years based on the announced monthly rental rate of RM1.83 million.
Sime Darby Property gets commitment for balance 30% of RM1b industrial development fund
Sime Darby Property Bhd, Malaysia’s biggest developer in terms of landbank, has secured commitment for the remaining 30% of its industrial development fund to close at RM1 billion.
Sabah-based KTI Landmark gets Bursa’s approval for ACE Market IPO
Property developer KTI Landmark Bhd said on Monday that it has secured approval for its initial public offering (IPO) on ACE Market from Bursa Malaysia.
