KUALA LUMPUR (Dec 16): CIMB Research has maintained its “Hold” rating on KLCC Property Holdings Bhd at RM6.50 with an unchanged target price of RM6.90 and said that in the current market conditions, REITs could provide a safe haven for capital preservation given its stable dividend yields.

KUALA LUMPUR: Dayang Enterprise Holdings Bhd said its wholly-owned unit Dayang Enterprise Sdn Bhd has won a RM280 million contract for the provision of major modification works for the Baram Delta gas gathering project 2 and Baronia enhanced oil recovery development project off the coast of Sarawak.

PETALING JAYA (Dec 15): Felda Investment Corp (FIC), which is a subsidiary of the Federal Land Development Authority (Felda) has acquired the Grand Plaza Kensington Hotel in London for £60 million (RM330 million) to "diversify its investment assets".

The acquisition makes it the first London property for FIC and the second for Felda. 

KUALA LUMPUR (Dec 12): Malayan United Industries Bhd (MUI) is selling its 69.192% equity stake in Pan Malaysia Holdings Bhd (PM Holdings) to Datuk Dr Yu Kuan Chon for RM77.124 million cash or 12 sen pe share, in a move to divest its non-core assets and reduce its bank borrowings.

NEGERI SEMBILAN: TH Properties Sdn Bhd will launch the first phase of its Hundred East@enstek residential development in its 5,119-acre (2,071ha) Bandar Enstek this weekend.

KUALA LUMPUR: Malaysian Institute of Architects (PAM) and Dewan Bandaraya Kuala Lumpur (DBKL) launched the PAM-DBKL Architectural Ideas Competition 2014 in Designing Temporary Shelters for the KL Homeless at the Sime Darby Convention Centre, Bukit Kiara, on Wednesday.

The competition was launched by Kuala Lumpur Mayor Datuk Seri Ahmad Phesal Talib and PAM president Chan Seong Aun.

LONDON: Investment in UK student accommodation reached £2.37 billion (RM12.93 billion) in 2014, making it the third year it hit the £2 billion mark, according to CB Richard Ellis (CBRE) November UK Student Housing MarketView.

KUALA LUMPUR: YTL Corp Bhd launched its Kasara Niseko Village Townhouses in Niseko Village, Japan last Friday.

Being YTL Hotels’ latest development, the townhouses also mark the first Kasara property to be offered in the 1,524-acre (617ha) Niseko Village, which is part of the four ski resorts that flank Mount Annupuri and form the collective Niseko United.

LONDON: New Scotland Yard, the headquarters of London’s storied police force and one of the British capital’s most famous landmarks, has been sold to an Abu Dhabi investor, paving the way for its macabre but private museum to open to the public elsewhere.

The 20-storey block in central London is famous around the globe as the home of the Metropolitan Police Service.

KUALA LUMPUR (Dec 11): CIMB Research has maintained its “Add” rating on Eco World Development Group Bhd at RM3.95 with a lower target price of RM7.35 (from RM7.60) and said Eco World's 13MFY10/14 net profit beat house forecast by 12%.