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City & Country: BRDB strengthens its presence in Johor

Bandar Raya Developments Bhd (BRDB) recently launched what has been touted as Johor Baru’s first freehold landed strata, gated and guarded project. Known as The Straits View Residences, the project is located within its Bandar Baru Permas Jaya township.

Briefs

Axis-REIT to acquire Tesco JB Hypermarket Axis Real Estate Investment Trust (Axis-REIT) has proposed to acquire the Tesco JB Hypermarket Complex in Johor Baru for RM75.6 million cash from Bukit Indah (Johor) Sdn Bhd. This acquisition will increase the assets under the REIT’s management to over RM1.2 billion, Axis-REIT announced on Aug 24.

City&Country: Planter homes-inspired Rimba

Up in Kemensah Heights behind Zoo Negara in Kuala Lumpur, Kenoza Sdn Bhd is building a boutique development called Rimba, offering 16 bungalows the design of which harks back to the style of planter homes.

Proposed disposal of Menara Olympia to Jelita Timur aborted

KUALA LUMPUR: The proposed disposal of Olympia Industries Bhd's Menara Olympia to Jelita Timur Sdn Bhd for RM30.2 million has been aborted following the buyer's withdrawal.

In a Bursa Malaysia filing on Friday Aug 27, Olympia Industries said it will refund the RM3.02 million deposit to Jelita Timur.