KUALA LUMPUR: Olympia Industries Bhd on Thursday, July 15 said it has agreed to the terms and conditions on the appointment of Messrs Rahim & Co to conduct a second valuation on Menara Olympia and the adjoining leased car park.

KUALA LUMPUR: KFC Holdings (Malaysia) Bhd has acquired an additional 10 million units of Al-Aqar KPJ REIT from the open market for RM10.35 million cash.

In a statement on Thursday, July 15, KFCH said the investment offered a better return of about 7.3% (based on the current dividend yield) than the fixed deposit interest rate of about 2.5% to 3%.

KUALA LUMPUR: Main Market-bound Ivory Properties Group Bhd's initial public offering (IPO) is attractively priced at just 3.4 times FY11 earnings, backed by potentially transformational growth from large NAV-accretive land deals, said AmResearch.

KUALA LUMPUR: Gamuda Land Sdn Bhd is acquiring a freehold plot in Jalan Pudu for RM105 million for a mixed commercial development with an estimated gross development value (GDV) of RM600 million.

Largest ‘Pure Play’ Shopping Mall REIT

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KUALA LUMPUR: UDA Holdings Bhd announced on Thursday, July 15, that it is acquiring 6.67 acres of land in Kampung Peramu, Pekan in Pahang from the Pekan District Council for RM35.5 million to build a four-star hotel named AnCasa Resort Pekan.

BOSTON: The rise in vacancy rates in the US office, industrial and retail markets continued to slow down in 2Q2010, with each sector recording a slight increase of 10 basis points (bps), according to the latest analysis from CBRE Econometric Advisors.

CBRE said that the recent drop in vacancy implied that national demand is now expanding at a rate approaching 300,000 units per year.

KUALA LUMPUR: Bina Puri Holdings Bhd had on July 12 accepted the letter of award from Zaidun-Leeng Sdn Bhd for the first phase development of a project in Bandar Sri Damansara comprising earthworks, retaining walls and ancillary works for Sri Damansara Bhd.

Bina Puri was given six months for the works to be completed.

KUALA LUMPUR: Office rental rates continued to drop marginally in 2Q2010, caused by a significant incoming supply of 2.06 million sq ft by the year's end, according to DTZ Research Report 2Q2010 published on July 13.

GUANGZHOU: Sales prices of offices in Guangzhou, China are expected to increase in 2H2010 despite a new supply of office space coming on-stream in 3Q 2010, according to Colliers International’s latest report on Guangzhou’s office market.