IOI Properties maybe key beneficiary of MRT
IOI Properties Group Bhd
(Oct 31, RM2.75)
IOI Properties Group Bhd
(Oct 31, RM2.75)
Pavilion Real Estate Investment Trust
(Oct 31, RM1.50)
Downgrade to “underperform” from “market perform” with target price (TP) of RM1.48. The ninth month of financial year 2014’s (9MFY14) realised net income (RNI) of RM175.3 million came in within expectations, making up 77% of the street consensus and 78% of our estimate. As expected, there are no dividends.
KUALA LUMPUR (Oct 31): The state-of-the-art residential spaces at Phase 3 of the Battersea Power Station project in London, UK, has gone on sale, worldwide, and popular singer-songwriter Sting and his wife Trudie Styler have already snapped up a unit, intending to make it their London base.
KUALA LUMPUR: The Construction Industry Development Board Malaysia (CIDB) has updated its Quality Assessment System in Construction (Qlassic) system.
SINGAPORE: Asian property developers are impacting London’s new-build market, according to Hanover Private Office, a leading London property acquisition specialist.
KUALA LUMPUR: Bandar Raya Developments Bhd (BRDB) is focusing on more landed residential developments in the future. This was announced at BRDB’s Senja show homes launch on Wednesday. The RM900 million Senja is BRDB’s second landed residential development after Bangsar Hill. Senja will be officially launched in November.
An artist’s impression of Gardenhill that features sliding screens on the exterior
KUALA LUMPUR: Iris Corp Bhd is acquiring 3.33 million shares or a 50% stake in Palau Peleliu Resorts Ltd from UK Investment Holdings Ltd for US$5 million (RM16.4 million) or US$1.50 per share.
In a filing with Bursa Malaysia yesterday, Iris said its 60%-owned subsidiary Iris Land Sdn Bhd had signed an agreement with UK Investment for the proposed acquisition.
LONDON: Battersea Power Station Development Company Ltd has closed a syndicated debt facility of £1.35 billion to fund the development of Phase 2 and Phase 3 of the iconic Battersea Power Station (BPS) here.
UEM Sunrise Bhd
(Oct 28, RM1.81)