Axis Real Estate Investment Trust’s (Axis REIT) posted a marginal increase of 0.92% in its net property income (NPI) to RM58.93 million for the first quarter ended March 31, 2023 (1QFY2023), from RM58.39 million a year earlier, due mainly to rental from newly acquired properties and positive rental reversion in 2022.

Noteworthy:

• Freehold
• Built-up size: 6,820 sq ft
• Land size: N/A
• Unfurnished
• Nearby amenities: Plaza Low Yat, Pavilion KL, Berjaya Times Square, convenience stores, F&B outlets, hotels, LRT KLCC, LRT Chan Sow Lin, MRT Tun Razak Exchange, MRT Bukit Bintang
• Accessibility: SMART highway, MEX Highway, SPE Highway, Federal Highway

February 2023

Comintel Corp Bhd has won a contract worth RM229.80 million from Builtamont Development Sdn Bhd (BDSB) to undertake main building works for a suite apartment project in Taman Desa Aman, Kuala Lumpur.

... and keep the green lung as a city park.

A three-judge bench said there are no merits in the appeal brought by DBKL.

At the close of acceptance on April 11, the valid acceptances and excess applications totalled 1.29 billion rights shares, which is 93.37% of the 1.38 billion rights shares made available for subscription. 

The commercial development comprises retail, serviced apartments and office units.

He resigned “to pursue other interests”.

Tropicana Grandhill’s TwinPines Serviced Suites saw take-up of 90% for its Tower A.

TAFI Industries Bhd via its wholly-owned unit TAFI Home & Office Sdn Bhd (THOSB) has been awarded a RM9.66 million contract to build a factory in Kuala Langat, Selangor.