KUALA LUMPUR: Iskandar Malaysia will be the location of an integrated media production studio facility known as Pinewood Iskandar Malaysia Studios (PIMS) costing RM400 million.

Khazanah Nasional Bhd, via its wholly owned subsidiary Beserah Ventures Sdn Bhd, and Pinewood Shepperton Plc of the United Kingdom have entered into definitive agreements to develop the facility.

SHAH ALAM: The Selangor state government has directed four municipalities in Selangor to make written requests to the Public Works Department to declassify the “Hazardous Map”: A report which indicates the level of landslide risk in residential areas in the respective municipalities.

KUALA LUMPUR: KPJ Healthcare Bhd, a hospital management group linked to the listed Al-Aqar KPJ REIT on Dec 16 announced plans to acquire a plot of freehold land in Muar, Johor, for RM22 million in cash.

SHAH ALAM: The Selangor State Development Corporation (PKNS) expects to generate about RM300 million revenue from the sales of its properties in Shah Alam next year.

SHAH ALAM: The Selangor State Development Corp (PKNS) plans to develop more than 20 acres of land in Shah Alam over the next three to four years.

Its development controller for Northern Region, Noraida Mohd Yusof said PKNS will be focusing on high-end projects.

LONDON: In a notable change since the 1960s, Capital Economics believes that industrial rental values could outperform the office sector, according to its UK Commercial Property Focus report dated Dec 14.

KUALA LUMPUR: Mudajaya Group Bhd will jointly undertake and complete the Boulevard Plaza in Putrajaya, with Bina Rezeki Sdn Bhd.

In a filing to Bursa Malaysia on Dec 15, the construction firm said the joint venture has on Dec 15 received a letter of intent from Boulevard Plaza Sdn Bhd for the design and construction of the Project for a total consideration of RM241.3 million.

KUALA LUMPUR: Kuwait Finance House (Malaysia) Bhd has called off the deal to purchase 50% of Menara YNH enbloc from YNH Property Bhd.

In a filing to Bursa Malaysia on Dec 15, YNH said it had been notified in writing by Kuwait Finance House on Dec 15 that the latter will no longer be proceeding with the formalisation of the sale and purchase agreement dated Jan 11 last year.

KUALA LUMPUR: Mah Sing Group Bhd sold the 7-storey Apex Tower in Southgate development, Sungai Besi to Taiwanese Chen Ho-Yuan for RM63.1 million.

KUALA LUMPUR: OilCorp Bhd has disposed of 343.53-acre worth of leasehold land in Klang, Selangor, for RM4 million.

Its subsidiary, Anjur Vista Sdn Bhd, has entered into a sale and purchase agreement with Logiston Sdn Bhd for the disposal of the land, in which part of the property covering an area of 107.21 acres has been approved for a commercial and resort development.