NEW YORK: Paramount Group Inc, a US office landlord, filed for an initial public offering (IPO) that is poised to be the largest ever for a real estate investment trust (REIT).

KUALA LUMPUR: Commercial values of sites for prime offices here have dropped 2.7% in the first six months of the year amid a “challenging leasing environment”, said Knight Frank Asia-Pacific head of research Nicholas Holt in the Prime Asia Development Land Index report for the first half of 2014 (1H14).

KUALA LUMPUR: Prime residential prices in 32 cities rose 6.2% on average led by luxury homes in prime cities of the United States in the first half of 2014, putting Asia-Pacific and Europe at the bottom of the list, said Knight Frank Research’s international residential consultant Kate Everett-Allen in the Prime Global Cities Index report published this month.

GEORGE TOWN: Some 30 local and foreign companies have picked up the subscription forms for bidders to take part in the state’s request for proposal (RFP) to implement the RM27 billion Penang Transport Master Plan (TMP).

KUALA LUMPUR: Kumpulan Europlus Bhd (KEuro) plans to exit as shareholder of Talam Transform Bhd over the next 12 months, said the group’s independent non-executive director Datuk Oh Chong Peng.

“We have a plan to exit Talam since it does not fit into our plans,” he told reporters after KEuro’s annual general meeting yesterday.

KUALA LUMPUR: Sunway Bhd’s net profit for the second quarter ended June 30, 2014 (2QFY14) rose 7.1% to RM182.53 million from RM170.35 million a year ago.

Revenue for the quarter rose 6.6% to RM1.2 billion, from RM1.12 billion a year ago.

The company announced a dividend per share of five sen.