IGB REITs report higher 1Q earnings but warn of challenges ahead
IGB REIT and IGB Commercial REIT reported higher earnings in the first quarter ended March 31, 2025, but warned investors of challenges ahead.
AME REIT posts slight rise in 4Q property income, to pay 1.83 sen per unit
AME Real Estate Investment Trust (KL:AMEREIT) on Wednesday reported a marginal increase in net property income (NPI) for its fourth financial quarter, thanks to contributions from two newly-acquired industrial properties which were, however, offset by higher operating expenses.
_2.jpg)
SCIB clarifies suit against developer Awana JV over scrapped Perak project still on
Sarawak Consolidated Industries Bhd (KL:SCIB) on Wednesday clarified that its subsidiary’s RM19.72 million recovery claim against Awana JV Suria Saga Sdn Bhd has not been withdrawn, but has instead been consolidated into a main suit to streamline litigation proceedings.
Forest City SFZ welcomes first 2 family offices, sees interest from 30 other companies
Johor Investment, Trade, Consumer Affairs and Human Resources Committee chairman Lee Ting Han announced that Forest City’s Special Financial Zone (SFZ) has welcomed its first two family offices, CMY Capital Family Office and Yow Kee Family Office, and attracted interest from 30 other companies to set up operations in Johor Bahru.
MGB settles RM7.23m with JV partner to revive Cameron Highlands project after six years
MGB Bhd proposes to settle RM7.23 million with joint venture partner Aset AZG Sdn Bhd (AASB) to kick start a serviced apartment project in Cameron Highlands which has been on the back burner for six years.
AmBank seeks to auction off property of Jho Low’s former aide Kee over RM1m loan
The bank filed the suit in February, and had on April 18 applied to amend its statement of claim to include Kee’s estate.
Ho Hup seeks court order to formulate scheme of arrangement
The company is also seeking a restraining order to prevent legal action being taken against the company “to allow the company the necessary breathing space" to come out with the scheme of arrangement.
GDB secures court order to enforce adjudication award relating to 8 Conlay project
The High Court at the same time dismissed Damai City’s application to set aside and stay the adjudication award.
West Coast Expressway operator receives government consent for RM1.15b financing from Bank Pembangunan
WCE said the term loan facility will be used to part-finance costs and expenses associated with the West Coast Expressway project.
KIP REIT’s 3Q net property income jumps 52% on strong mall, new asset performance
The jump was driven by stronger performance from its malls and newly acquired assets — D'Pulze Shopping Centre in Cyberjaya, TF Value in Perak and industrial asset CR35.
