Controlling shareholder Tee family sells RM714m worth of real estate assets to GSB Group
KUALA LUMPUR (Aug 9): GSB Group Bhd’s controlling shareholder, the Tee family, is selling RM714 million worth of real estate assets to the company for RM714.
Aeon to spend about RM500m on mall renovations in FY19
KUALA LUMPUR (May 30): Japanese retailer Aeon Co (M) Bhd said it will be spending about RM500 million in the financial year 2019 (FY19) on selected mall renovations and opening.
Platinum Victory plans two condominium launches in 1H2019
PETALING JAYA (Dec 20): Property developer Platinum Victory Group plans to launch two residential high-rise projects with a combined GDV of RM787 million in 1H2019, said its executive director Gan Yee Hin.
Earnings for AEON from property management seen to be resilient
AEON Co (M) Bhd (Oct 18, RM1.
WCT and Aeon Co agree to settle rental dispute out of court
KUALA LUMPUR (Oct 18): WCT Holdings Bhd’s indirect wholly-owned subsidiary Gemilang Waras Sdn Bhd and AEON Co (M) Bhd have agreed to an amicable out-of-court settlement in relation to their court battle over the lease renewal of AEON Mall Bukit Tinggi.
KIP REIT exploring third-party asset options
KUALA LUMPUR (Sept 27): KIP Real Estate Investment Trust (REIT) said it has options on the table to acquire more third-party ready assets, upon the successful addition of its first external asset, AEON Mall Kinta City in Ipoh, Perak to its portfolio.
KIP REIT buys Aeon Mall Kinta City, Ipoh for RM208m
KUALA LUMPUR (Aug 29): KIP Real Estate Investment Trust (KIP REIT) is buying the Aeon Mall Kinta City, a four-storey building, 60,230 sq m property in Jalan Teh Lean Swee, Ipoh, Perak for RM208 million cash.
AEON Co ordered to pay RM2.42m per month to WCT as rental for mall
KUALA LUMPUR (July 26): AEON Co (M) Bhd (pictured) has been ordered by the High Court to pay RM2.
WCT says REIT listing may be deferred to 2019
PETALING JAYA (June 6): The planned listing of WCT Holdings Bhd's real estate investment trust (REIT) may be deferred to 2019 pending the outcome of a legal dispute between WCT's indirect wholly-owned subsidiary Gemilang Waras Sdn Bhd and Aeon Co (M) Bhd.
