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Leica opens world's biggest store at Avenue K

KUALA LUMPUR: Leica Camera AG of Germany on Thursday, July 28 opened its world's biggest store at Avenue K in Jalan Ampang here.

Measuring 1,500 sq ft, it was the first of its kind among its 52 stores worldwide and would offer the entire range of Leica cameras besides being an authorised service centre, said Sunil Kaul, managing director of Leica Camera Asia Pacific.

Sunway REIT wins court battle for Putra Place

KUALA LUMPUR: The High Court today decided that OSK Trustees Bhd (as trustee of Sunway Real Estate Investment Trust Management Sdn Bhd) is the rightful owner of Putra Place after dismissing two legal suits brought against the latter in relation to its acquisition of Putra Place via a public auction on March 30.

Nusajaya may soon become smart connected community

KUALA LUMPUR: UEM Land Holdings Bhd and Iskandar Investment Bhd are collaborating with Cisco to develop a master plan to transform Nusajaya into a Smart+Connected Community.

UEM Land and Iskandar Investment aim to establish Nusajaya as a world class benchmark for the design, building and operations of an international Smart City.

German-based investment firm looks to invest more in Malaysia

KUALA LUMPUR: Union Investment Real Estate GmbH (UIRE), a German-based international investment firm is looking to invest more in Malaysian real estate in the next 2-3 years. It is looking for office type properties located in Kuala Lumpur.

Exit Lane Crawford, in comes Burberry

HONG KONG: British luxury brand Burberry plans to take over a major part of the space that speciality department store Lane Crawford currently occupies in Pacific Place in Admiralty.

Crash threatens to derail market

BEIJING: The deadly high-speed train accident in eastern China last Saturday could have a ripple effect through property markets in cities along the new railway lines if Beijing responds by scaling down or delaying investment in the network, according to analysts.

Beijing planned to spend 2.8 trillion yuan (RM1.28 trillion) on the network over five years, ending 2015.

Bargain hunters set their sights on Japan

HONG KONG: Four months after the devastating March 11 earthquake and tsunami in Japan, private equity investors from the mainland and the United States are hunting for discounted assets in the Japanese property market.

Canadian investors latch onto REIT stuff

TORONTO: Canada's resilient economy, rising rents and easy borrowing are fuelling a buying spree among real estate investment trusts (REITs), highlighted this week by the largest office property deal ever by a Canadian REIT.