News by M

Forebase Property Sdn Bhd is looking to launch its maiden project in Malaysia this September.

Mapletree Investments, the Temasek-backed property development, investment and capital management company, acquired a portfolio of assets from Kayne Anderson Real Estate Advisors worth US$1.6 billion (S$2.2 billion or RM6.85 billion).

Malaysian Resources Corp Bhd’s (MRCB) 85%-owned Rukun Juang Sdn Bhd (RJSB), Tanjung Wibawa Sdn Bhd (TWSB), a wholly-owned subsidiary of the Employees Provident Fund (EPF), and Bukit Jalil Sentral Property Sdn Bhd (Bukit Jalil Sentral) had on Wednesday entered into a subscription and shareholders’ agreement of which: i) RJSB and TWSB will co-invest in a special purpose company, namely Bukit Jalil Sentral, to jointly develop the land; and ii) the proposed disposal by RJSB of the land to the joint-venture company (JV Co) for an aggregated consideration of up to RM1.43 billion (RM430 per square foot).

Google has officially plans for its new 1 million sq ft London headquarters and construction is set to begin in 2018.

Sime Darby Property celebrated the month of Ramadhan by organising a buka puasa event for 100 underprivileged children at TPC Kuala Lumpur.

MRCB's tie-up with EPF will help reduce the conglomerate's burden of having to finance the entire Bukit Jalil project here by itself.

Applications for the 2017 Presidential Election certificates are opening today, and it has been reported that the founder and chief executive officer (CEO) of Second Chance Properties, Mohamed Salleh Marican, intends to be in the running for the position as Singapore’s next president.  

Gamuda Land’s 40th anniversary campaign recorded a total of 394 sales within the three-month campaign period.

"The plan is to realise it within this year, we are in consultation with our investment bankers and the authorities."

Iris Corp Bhd's share price slipped 6.06% to 15.5 sen three days after proposing a private placement exercise to raise up to RM40.49 million.