KUALA LUMPUR: Property developer IGB Corporation Bhd has allocated up to RM3 billion for various assets acquisitions overseas this year, said managing director, Robert Tan.
He said the acquisitions comprising mixed developments, including hotels in Europe and the United States, was in line with the company's expansion plan.

MELAKA: Melaka will emulate Melbourne, Australia in implementing the green technology town programme by the year 2020, said Chief Minister Datuk Seri Mohd Ali Rustam.

He said the state government would set up the Green Building Council similar to the one in Melbourne to supervise and monitor the use of the green technology for all buildings in the state.

KUALA LUMPUR: The Malaysian Malay Contractors Association (PKMM) president, Datuk Mokhtar Samad, has expressed disappointment over some quarters still resorting to the ‘Ali Baba’ system of awarding construction contracts because such deals undermine bumiputera contractors who genuinely want to succeed in the construction business.

SINGAPORE: Singaporeans have been invited to invest in Malaysia's booming property market.

The invitation was extended at the "Invest in Malaysia, "Invest in Kuala Lumpur" forum held in the republic hosted by Eastern & Oriental Bhd (E&O), Malaysia's leading developer of prime urban properties.

LONDON: The new owners of London's 10 Trinity Square — KOP Properties, the real estate investment and management arm of Singapore-based KOP Group, and Reignwood Group, who together recently acquired the building — have unveiled the redevelopment plans for the historic landmark building.

HONG KONG: Hong Kong auctioned a residential parcel of land on Hong Kong Island's Mid-Levels for HK$4.49 billion (RM1.73 billion), a price that was in the middle of a range of market forecasts.

KUALA LUMPUR: Property developer UOA Development Bhd, which intends to raise RM1.2 billion from its initial public offering (IPO), is offering 407 million shares, or a third of its enlarged issued capital base.

KUALA LUMPUR: Hektar Real Estate Investment Trust (Hektar REIT) posted a lower pre-tax profit of RM9.94 million, for the first
quarter ended March 31, 2011, from RM10.04 million recorded in the same quarter last year.

KUALA LUMPUR: Moevenpick Hotels & Resorts is undertaking management of the 39-Residence The Palm Beach Club and rebranding it Moevenpick Residences Laguna Beach Phuket with immediate effect.

The property will ideally complement the Moevenpick Resort & Spa Karon Beach Phuket, the first property the company opened in Thailand in 2006.

KUALA LUMPUR: Nu Sentral Sdn Bhd has established up to RM600 million Islamic Medium-Term Notes Programme (IMTN Programme).