Construction company Zelan Bhd is tendering for contracts worth RM4 billion this year, comprising local infrastructure projects, as the company winds down its overseas operations.

GuocoLand is said to be in talks to buy a stake in the overseas unit of a Malaysian developer that is expected to go public later this year, according to Dow Jones reports.

Both retailers and retail spaces now have to contend with a growing urban population who are increasingly knowledgeable and demanding.

: The move will enhance the presence of both firms locally and internationally.

Prime Minister Datuk Seri Najib Tun Razak had yesterday officiated at EcoWorld Ballymore Holding Co Ltd's topping out ceremony for its £957 million (RM5.57 billion) Embassy Gardens Phase 2 property project in London.

The JV company will be a 50:50 venture between TWPSB and KHPL.

International hospitality manager and operator Oakwood Asia Pacific aims to grow its presence in Malaysia through new partnerships and is seeking such opportunities with local property owners, said its sales, marketing and revenue management vice president Paul Stocker.

The East Coast Economic Region Development Council (ECERDC) aims to build a heritage waterfront city in the Kuala Terengganu City Centre (KTCC), a new hub which spans Kuala Terengganu and its nearby districts.

Reclusive tycoon Tan Sri Quek Leng Chan is looking at acquiring a substantial stake in Eco World International Bhd (EWI), which is en route for an initial public offering (IPO) to list on Bursa Malaysia, several sources say.

A recent move by Lembaga Tabung Haji to lease its office space in Menara TH Platinum at Platinum Park, Kuala Lumpur, at way below market rental rates caught everyone by surprise and shocked real estate agents and office building owners. At RM5 psf, the rate is less than half that — about RM11 psf — fetched by Petronas Tower 3 and Integra Tower @ The Intermark, which are located nearby.