LONDON: Upmarket British retailer Liberty is selling its distinctive mock Tudor department store building in London's West End for 41.5 million pounds ($62.9 million) to pay off debt, it said on Monday (March 15).

KUALA LUMPUR: Bina Puri Norwest Sdn. Bhd, a member of Bina Puri Group of companies has entered into a sales and purchase agreement with Quill Buildings Sdn Bhd to acquire a piece of land measuring 145,658 sq ft land for RM11,652,692 on March 15.

KUALA LUMPUR: Central Malaysian Properties Sdn Bhd (CMP) is expected to launch its Lido Residences project with gross development value of RM1.5 billion by the second half of this year.

PETALING JAYA: Tune Hotels.com is looking to open its first hotel in London – Tune Hotels.com-Westminster at 118 Westminster Bridge Road – in the heart of London by the third quarter of this year.

Rise for 3 consecutive weeks

KUALA LUMPUR: Further signs of a recovery in the Malaysian real estate market are being seen as the country’s economic recovery takes shape and the stock market soared to fresh highs against the backdrop of a stronger ringgit.

THE BUZZ
The government has compulsorily acquired 0.328 acres of land from Hektar REIT for the proposed extension of the Kelana Jaya Light Rail Transit (LRT) Phase 2 project located in
Subang Jaya for a compensation amount of RM4.16m (or RM290.85psf). However, AmTrustee, the Trustee for Hektar REIT has filed an appeal on the compensation amount.

KUALA LUMPUR: Talam Corp Bhd is settling the RM241.36 million owing to Menteri Besar Selangor (Inc) by disposal of properties and cash payment and it will result in the company recording losses of up to RM21.16 million.It said on Monday, March 15 the cash payment was RM12.67 million while unencumbered properties were valued at RM44.72 million and encumbered properties at RM183.97 million.The se

KUALA LUMPUR: Talam Corp Bhd is settling the RM241.36 million owing to Menteri Besar Selangor (Inc) by disposal of PROPERTIES and cash payment and it will result in the company recording losses of up to RM21.16 million.

HONG KONG: JP Morgan Asset Management has invested almost a quarter of its $860 million Asian infrastructure fund in China and India assets, as part of efforts to complete investments in the next two years.