Property developer Eastern & Oriental Bhd (E&O) said Brexit will not negatively impact the total net realisable value of the group’s properties in the United Kingdom.

Mapletree Logistics Trust Management says the acquisition of Mapletree Shah Alam Logistics Park offers an attractive net property income yield of 7.5% at the purchase consideration and is expected to be accretive at the distribution level.

The property group said in a statement on Bursa Malaysia yesterday (June 28) that to date, the group has sold approximately 85% of the 1,661 units launched for Battersea in three phases.

In view of the UK’s vote to leave the European Union (EU) last Thursday by a 51.9% majority, JLL London has pointed out a few property market implications to homeowners and investors in London.

EcoWorld said Eco Horizon has also inked a revocation and rescission agreement with BKDSB and Silver Setup Sdn Bhd (SSSB), a wholly-owned unit of Malton Bhd, to revoke and rescind the joint development deal made by both companies in Oct 10, 2012.

The GEM Residences condominium jointly developed by Gamuda Land, Evia Real Estate and Maxdine Pte Ltd, in Toa Payoh, Singapore, has achieved a take-up rate of 55% since its launch on May 28, said Gamuda Land in a statement today.

Besides having energy efficient and eco-friendly features, Cheria Residences will also utilise the reinforced concrete panel technology construction method to ensure a high and consistent quality building structure.

Originally targeted for July, EWI president and chief executive officer Datuk Teow Leong Seng said the slight delay was due to EWI's need to obtain approval from Securities Commission Malaysia (SC) to enlist a co-anchor for the listing.

According to JAKS's latest quarterly report, Evolve Concept Mall's fair value stood at RM390 million.