News by M

Property developer UEM Sunrise Bhd (KL:UEMS) could emerge as a dark horse of the industry in 2025, driven by the upcoming launch of its flagship show gallery in Iskandar Puteri and anticipated disclosures on the revised Gerbang Nusajaya master plan.

The Construction Industry Development Board (CIDB) Malaysia appointed Zainora Zainal as its new chief executive officer (CEO), succeeding Datuk Mohd Zaid Zakaria, who retired on Nov 28.

UEM Sunrise Bhd (KL:UEMS) has received planning permit approval for a A$277.8 million (RM784.8 million) build-to-rent development in Collingwood, Melbourne, Australia.

Construction outfit Inta Bina Group Bhd (KL:INTA) said it is buying a plot of land in Bukit Jelutong, Selangor, for RM23 million, cash, for property development.

Johor-based property developer Crescendo Corp Bhd (KL:CRESNDO) is selling more land for the development of data centres in Johor, this time for RM120.06 million in cash.

OSK Holdings Bhd’s (KL:OSK) property arm, OSK Property Holdings Bhd, plans to expand its activities in Kedah with the acquisition of five parcels of plantation land totalling 330.53 acres (133.76 hectares) for RM72 million.

JAKS Resources Bhd (KL:JAKS) said its indirect subsidiary MNH Global Assets Management Sdn Bhd has filed for the establishment of a medium-term note (MTN) programme of up to RM250 million with the Securities Commission Malaysia.

Eastern & Oriental Bhd (E&O) and Mitsui Fudosan (Asia) Malaysia today celebrated the topping out of The Conlay, a luxury high-rise residence with an estimated gross development value (GDV) of RM900 million.

Analysts have raised the earnings forecast for Pavilion Real Estate Investment Trust (KL:PAVREIT) after acquiring two premier hotels namely Banyan Tree Hotel and Pavilion Hotel in Kuala Lumpur for a sum of RM480 million.

Pavilion Real Estate Investment Trust (KL:PAVREIT) has proposed to buy two hotels in Kuala Lumpur for an aggregate RM480 million, and undertake a private placement to raise up to RM552 million to fund the acquisitions.