KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) will embark on a US$35 billion (RM111.3 billion) liquid natural gas (LNG) project in Canada following the reversal of Ottawa’s decision to block the national oil company’s purchase of Canadian gas producer Progress Energy Resources.

KUALA LUMPUR: Pelaburan Mara Bhd (PMB) is partnering Al Rajhi Group’s AEP Investment Management Ltd (AEPim) to set up a US$200 million (RM636 million) private equity fund for investing into global real estates, with an eventual goal of listing the assets as a real estate investment trust (REIT) in a major exchange.

CASH-RICH IJM Land Bhd will embark on its first development in the UK, the RM1.4 billion mixed-use Royal Mint Gardens (RMG).

KUALA LUMPUR: CapitaMalls Asia Ltd and Sime Darby Property Bhd, a unit of Sime Darby Bhd yesterday announced the construction of a shopping mall on prime commercial land in Taman Melawati, Kuala Lumpur.

To be called Melawati Mall, the 50:50 joint venture eight-storey building will become a lifestyle city shopping complex when it is completed in end-2016.

KUALA LUMPUR: Tan Sri Mohd Isa Abdul Samad, who is chairman of both Felda Global Venture Holdings Bhd (FGV) and the Federal Land Development Authority (Felda), yesterday defended two acquisitions that came under scrutiny for being “pricey”.

KUALA LUMPUR:  Loke Wan Yat Realty Sdn Bhd is believed to have called off the sale of its 1.38ha of land near the Petronas Twin Towers, said sources. It is not known why the deal was aborted, but sources think the trustees of Loke Wan Yat’s estate rejected the RM495 million, or RM3,325 psf, offer due to disagreements over the price.

PETALING JAYA: GLH Hotels Management (UK) Ltd, previously known as Guoman Hotel Management (UK) Ltd, has launched a new luxury hotel and private residences brand, Clermont.GLH is a subsidiary of GuocoLeisure Ltd, a London-based global hotel subsidiary of the Singapore-listed GuocoLeisure Group.

KUALA LUMPUR: The S11 house by ArchiCentre Sdn Bhd recently won an award in the Tropical Building Category of the  Asean Energy Awards 2013.S11 is Malaysia’s first Green Building Index Platinum (design assessment)-rated house that was planned and conceptualised along the lines of a large canopy tree.