News about AREA

The site has been selected to be developed into a hyperscale data centre park called the AREA Data Centre Campus (ADCC).

The development rights were awarded on May 27 last year by the Malaysian Highway Authority, said GFM in a filing with Bursa Malaysia on Wednesday (March 15).

SINGAPORE (Oct 20): Hin Leong group founder Lim Oon Kuin and his wife have sold their freehold bungalow in Second Avenue near Sixth Avenue MRT station for nearly S$33.

SAN FRANCISCO (July 5): The high cost of living in the San Francisco Bay Area has apparently pushed Apple Inc to consider decentralisation, reported AppleInsider yesterday (July 4).

KUALA LUMPUR (Oct 20): Permodalan Nasional Berhad (PNB), KWEST Sdn Bhd and AREA Group of Companies (AREA) have entered into a joint venture (JV) for the development of COMPASS @ Kota Seri Langat (KSL), a freehold integrated industrial and logistic hub in Selangor.

PETALING JAYA (March 18): In a bid to contain COVID-19, President of Malaysian Association of Hotels (MAH) Kamaruddin Baharin advises hotel operators to limit the movement of people in line with the Restricted Movement Control order until March 31.

KUALA LUMPUR (Dec 25): Axis Real Estate Investment Trust (Axis REIT) is acquiring a piece of land siting two blocks of factory and a double-storey office building at the Bukit Raja Industrial Area, Selangor from Lion Steelworks Sdn Bhd for RM37 million – about 5% lower than its market value.

SERI KEMBANGAN (April 23): Industry experts have urged the government to come up with a big data system to provide timely data for industry players to make better decisions and to avoid any market “crisis”.

KUALA LUMPUR (March 13): JCY International Bhd (JCY) has agreed to receive 133.

Sold for: RM1.