Sunway is shifting its focus to the northern region in the coming years starting with the RM500 million expansion of Sunway Carnival Mall in Penang.

The joint venture (JV) of Sime Darby Property Bhd and LOGOS SE Asia Pte Ltd (LOGOS Property), SDPLOG, on Friday announced the first close of its first US$250 million industrial development fund, which will go towards the development of sustainable and integrated modern logistics facilities with green building certification at its E-Metro Logistics Park in Bandar Bukit Raja, Klang.

Sunway Real Estate Investment Trust (Sunway REIT) has acquired a 3.63-acre freehold industrial land in Sungei Way, Petaling Jaya for RM60.05 million.

The Malaysian Real Estate Investment Trust (REIT) Managers Association (MRMA) has elected Pavilion REIT Management Sdn Bhd CEO Datuk Philip Ho Yew Hong as the new chairman for a two-year term at its annual general meeting on June 16.

IJM Corp Bhd announced on Thursday the appointments of Datuk Wong Tuck Wai as chief executive officer (CEO) of IJM Land Bhd, effective July 1, 2022, and Vino Kumar Selvabalakrishnan as CEO of Kuantan Port Consortium Sdn Bhd, effective June 27, 2022.

The proposed by-pass Perak alternative expressway from Gopeng to Kuala Kangsar has been approved in principle by the Cabinet, according to a news report.

Construction services company Tuju Setia Bhd is tendering for RM2.8 billion worth of projects to build high-rise and industrial buildings, as well as hospitals and healthcare facilities.

Noteworthy:

•  Leasehold
• Built-up: 3,200 sq ft
• Land size: 2,863 sq ft
• Unfurnished
• Four bathrooms
• Amenities: AEON Mall Taman Equine, Giant Seri Kembangan and Bandar Putra Permai commercial hub
• Accessibility: Damansara-Puchong Highway (LDP), South Klang Valley Expressway (SKVE) and Maju Expressway (MEX)

When: April 2022

“The nature of proptech is such that its solutions are end to end. Functional silos often seen in many real estate companies constrain the end-to-end solutions that proptech has to offer. A single solution may require multiple stakeholders to agree,” said EdgeProp’s Ong.

The achievement marks Desa ParkCity as the first Malaysian entry to be shortlisted and awarded by the ULI APAC Awards for Excellence programme, widely recognised as one of the region’s most prestigious awards in the development community, the developer said in a statement today.