News by theedgemalaysia.com

City Motors Group has officially opened its 42-storey Alfa Bangsar mixed-use development located at the intersection of Jalan Maarof and Jalan Tandok in Bangsar, Kuala Lumpur, last Friday (Jan 10).

Al-Salam Real Estate Investment Trust (KL:ALSREIT) will see “significant” rental growth from this year onwards thanks to higher occupancy at its most valuable property, BIMB Securities said.

AmanahRaya Real Estate Investment Trust (REIT) (KL:ARREIT) on Thursday announced the resignation of Tunku Rozita Tunku Abdul Malek as its executive director and the managing director of its manager AmanahRaya-Kenedix REIT Manager Sdn Bhd, due to personal reasons.

AME Real Estate Investment Trust (KL:AMEREIT), a 49.62%-owned unit of AME Elite Consortium Bhd (KL:AME), is planning to establish a sukuk wakalah programme with a value of up to RM1 billion.

OSK Property Holdings Bhd, the property arm of OSK Holdings Bhd (KL:OSK), is expanding its land bank with the acquisition of four parcels of freehold land measuring 26.33 hectares in Sungai Petani, Kedah, for RM14.17 million.

Ho Hup Construction Company Bhd (KL:HOHUP), which has just resolved a winding-up petition in November filed by a diesel fuel supplier, has been served with yet another winding-up petition from a cement supplier due to an alleged unpaid sum of RM2.5 million.

Property developer EMKAY Group has signed a Memorandum of Understanding (MOU) with Ipoh-based travel agency Global Net Travel Sdn Bhd to develop floating villas at the Pulau Banding island in Gerik, Perak.

LBS Bina Group Bhd (KL:LBS) has launched Centrum Iris, the second precinct of Cameron Centrum and the largest mixed development of commercial offerings located in Cameron Highlands, Pahang.

Risks are building up towards an earlier rate hike due to Malaysia's removal of RON95 petrol subsidies, according to BMI, a Fitch Solutions company, though it officially forecasts the rate to remain unchanged this year.

Sime Darby Property Bhd (KL:SIMEPROP) said on Friday it has fully acquired two modern double-storey logistics warehouses in Bandar Bukit Raja, Selangor for RM232 million.