SHAH ALAM: Best Western International, one of the world’s largest hotel chains with 4,000 hotels in over 100 countries, has opened its first hotel in Shah Alam.

Best Western i-City Shah Alam is in the 72-acre (29ha) i-City next to i-City Waterworld. i-City is developed by I-Bhd.

KUALA LUMPUR: Two parcels of land owned by the Federal Republic of Germany in the city centre are being sold via tender by Rahim & Co Chartered Surveyors Sdn Bhd.

The plots are in Jalan Kia Peng and Jalan Tun Razak, measuring 1.87 acres (0.75ha) and 0.38 acres, respectively.

KUALA LUMPUR (Jan 8): Kuala Lumpur Kepong Bhd (KLK) is disposing of a 20% equity interest in its wholly-owned subsidiary, KLK Premier Capital Ltd (KLKPCL), for US$44 million or RM154 million, cash.

KUALA LUMPUR: Mah Sing Group Bhd, the country’s second-largest property developer by sales value, expects to post higher sales this year, driven by pipeline launches worth RM5.96 billion in gross development value (GDV).

KUALA LUMPUR: Century Logistics Holdings Bhd is in advanced talks to acquire a document management services company, said its managing director Steven Teow.

KUALA LUMPUR: Country Garden Pacificview Sdn Bhd, the developer of Forest City in Johor, said yesterday that its discussions with the Department of Environment (DoE) did not mean that the size of the controversial property development project is being limited or compromised.

KUALA LUMPUR (Jan 5): Country Garden Pacificview Sdn Bhd (CGP), the developer of Forest City in Johor, today clarified its discussions with the Department of Environment (DoE) did not mean that the size of the controversial property development project is being limited or compromised.

KUALA LUMPUR (Jan 5): Property developer LBI Capital Bhd saw 3.62 million of its shares, representing a stake of 4.9%, traded off market today for RM3.748 million.

KUALA LUMPUR: Iskandar Waterfront Holdings Sdn Bhd (IWH), which had postponed what would have been one of the country’s largest initial public offering (IPO) once, has decided to put the plan on the back burner indefinitely, said sources.

IWH had initially targeted to be listed on Bursa Malaysia by end of 2013 or early 2014.

KUALA LUMPUR: Thanks to the government’s ambitious infrastructure goals, 2015 will likely be a busy year for contractors.