News by M

According to sources, a large local fund has been in talks with E&O on taking up an equity stake in the sea-fronting development project near Penang island. The project, Phase 2A, involves reclaiming 253 acres (102.38ha) of land, which has an estimated gross development value of RM20 billion.

List Sotheby’s International Realty said it is timely and strategic to capitalise on Singapore’s position as a global financial hub and the growing number of affluent individuals in the region.

The launch event was initially scheduled for this afternoon at the Kuantan Court Complex in Pahang. 

OCBC Investment Research is maintaining its “buy” recommendation on Mapletree Industrial Trust (MIT) at a fair value of S$1.88 after the REIT’s recent announcement of its S$60 million (RM190 million) contract win for the development of a build-to-suit (BTS) data centre.

Majuperak Holdings Bhd has appointed Rustam Apandi Jamaludin as managing director and group chief executive officer (CEO) effective from April 1, replacing Datuk Jamal Mohd Aris who resigned earlier this month.

Last Wednesday, Anzo announced that its wholly-owned construction arm, Harvest Court Construction Sdn Bhd, had received a letter of intent from Tinta Anggun Engineering Sdn Bhd for a RM109.3 million contract to build Phase 2 of the Porto De Melaka Hotel and Resort development in Melaka

TAHPS Group CEO Eugene Khoo said the project will be made up of 140 units of gated and landed houses on a 20.23ha plot of land.

Malaysia’s representative Chai Min Li has emerged as the Platinum winner in the Interior Design category of the regional instalment of Nippon Paint’s Asia Young Designer Award (AYDA) 2016. She competed against participants from 14 other Asian countries to take home the US$1,000 (RM4,413) prize.

Under the contract, CapitaLand will oversee the pre-opening and retail management for the five-storey SingPost Centre mall, which has 269,000 sq ft of GFA (excluding carpark) and a net lettable area of about 175,000 sq ft.

As for LBS Bina, it owns some 633 acres of land in Dengkil, which is less than 20km from KLIA.