KUALA LUMPUR: Al-Hadharah Boustead REIT will be injecting new assets into its portfolio, namely the Sutera Estate and Taiping Rubber Plantation, including the Trong Oil Mill, into its portfolio.

The fund's unitholders had approved of the acquisition of the properties from Boustead Holdings Bhd at a unitholder's meeting on Tuesday, Mar 15, it said in a statement.

KUALA LUMPUR: Arlida Ariff, the former president and chief executive officer (CEO) of Iskandar Investment Bhd, has joined hospitality outfit and property developer Karambunai Corp Bhd as managing director of Karambunai Integrated Resort City, the group announced to Bursa Malaysia on Tuesday, Mar 15.

KUALA LUMPUR: Scientex Bhd saw its net profit jump 47.3% to RM19.07 million for its first quarter ended Jan 31, 2011 (1Q) from RM12.94 million a year ago on higher revenue.

Revenue expanded 22.7% to RM194.88 million from RM158.7 million, while earnings per share (EPS) rose to 8.86 sen from 6.01 sen, it announced to Bursa Malaysia on Tuesday, Mar 15.

KUALA LUMPUR: Brem Holding Bhd has proposed to buy two parcels of industrial leasehold land and properties in Section 51A, Petaling Jaya measuring 30,789.91 sq m (7.6 acres) for RM48 million cash.

PATTAYA: Foreign buyers from the eurozone, United Kingdom and USA continue to buy property in Pattaya in large numbers, despite the continued strength in the Baht, Colliers International said.

Event: Organised by The Real Estate and Housing Developers' Association (Rehda), the annual expo brings together the nation's developers and business related to property under one roof to showcase their products. Among the exhibitors are I&P Group, Sunway City Bhd, Titijaya Group, CIMB Bank and Citibank.

KUALA LUMPUR: Benalec Holdings Bhd has entered into an agreement with Yayasan DMDI (DMDI), a company set up by the Melaka state government, to undertake reclamation works for the latter.

KUALA LUMPUR: The construction cost of the entire Mass Rapid Transit (MRT) urban transport project in the Klang valley will be known in May, the Dewan Rakyat was told on Tuesday, Mar 15.

NEW YORK: US real estate companies were trying on Monday, Mar 14 to assess damage to hotels, warehouses and outlet centers they own in Japan after last week's devastating earthquake and tsunami.

KUALA LUMPUR: Rangkaian Hotel Seri Malaysia Sdn Bhd, which owns the Seri Malaysia chain of hotels in the country, aims to raise occupancy rate by 5% to 75% this year.

This initiative will be aided by rising disposable income, the government's tourism initiatives and the fast-growing economy.