KUALA LUMPUR: Axis REIT Bhd, via wholly owned subsidiary Axis REIT Sukuk Bhd, has issued medium-term sukuk worth RM155 million to refinance its debts.

The sukuk carries tenures of five and seven years with a blended annual financing rate of 4.13% and 4.18% per annum respectively.

The issuance is pursuant to Axis REIT's sukuk programme of up to RM300 million.

KUALA LUMPUR: Amcorp Properties Bhd has further enhanced its presence in the London property market through a joint development of high-rise residential units valued at £560 million (RM2.83 billion).

The property developer has entered into a joint venture (JV) with Singapore-listed Hotel Properties Ltd as well as UK-based developers Grosvenor Ltd and Native Land Ltd.

KUALA LUMPUR: In a rare move, Sunway Bhd's real estate investment trust (REIT) arm roped in three corporate leaders to come on board as shareholders.

The group yesterday had proposed to dispose a 20% equity stake in Sunway REIT Management Sdn Bhd (SRM) to Millenium Pavillion Sdn Bhd (MPSB), which is controlled by Datuk Lim Say Chong, Oh Kim Sun and Ng Sing Hwa.

COUNTRY Garden Holdings Co Ltd, one of the largest property developers in China, is looking to strengthen its foot-hold in Malaysia as it believes the property sector here offers attractive development opportunities.

"WE don't usually sell our products cheaply," says YNH Property Bhd head of corporate services Daniel Chan.

PETALING JAYA: In defence of its housing project on the land initially gazetted as an open space and utility reserve in Taman Aman, Sri Aman Development Sdn Bhd provided evidence that it has the necessary land titles and developer's licence to justify its ownership.

ALOR SETAR: The Barisan Nasional-led Kedah Government aims to exploit the potential of districts bordering Thailand in the north and Penang in the south to spur economic growth of Malaysia’s “rice bowl” state, says Menteri Besar Datuk Mukhriz Mahathir.

He said the south of Kedah comprising Sungai Petani and Kulim is reaping the spin-offs of Penang’s rapid development.

PUCHONG used to be known for tin mining and rubber plantations, which were later converted into oil palm plantations.