Puncak Niaga to sell three plots of land in Ijok at a loss for RM306 mil cash
The group is expected to record a net loss of about RM22.
EPF passes resolution to terminate, wind up Alpha REIT
The winding-up process will involve the disposal of all assets and properties of Alpha REIT in accordance with the trust deed of Alpha REIT and the Securities Commission Malaysia’s REIT guidelines.
Stewart Labrooy: Government buildings' REIT will do very well
KUALA LUMPUR (Feb 21): Alpha REIT Managers Sdn Bhd chairman Datuk Stewart Labrooy said real estate investment trust (REIT) of government buildings would do very well, given the good location and quality of these assets.
Paramount 3Q net profit drops 81% to RM15.62m
KUALA LUMPUR (Nov 21): Paramount Corp Bhd reported an 81% drop in its net profit to RM15.
Alpha fund sells Shanghai International Plaza to LaSalle
SINGAPORE (April 6): Alpha Asia Macro Trends Fund II (AAMTF II) has sold Shanghai International Plaza, an office-and-retail property, to LaSalle Investment Management.
Paramount to sell off schools to nation's first education trust, Alpha REIT
KUALA LUMPUR (Aug 1): Paramount Corp Bhd’s wholly-owned subsidiary plans to dispose off its private and international schools, Sekolah Sri KDU (SSKDU) and Sri KDU International School, to newly-formed Alpha Real Investment Trust (REIT) for RM165 million.
Parkwood unveils industrial park in Shah Alam
KUALA LUMPUR (Oct 25): Parkwood Developments Sdn Bhd, the property arm of steel pipe-maker Amalgamated Industrial Steel Bhd, has unveiled its maiden property project called Avant Industrial Park in Section 15, Shah Alam.
AmProp’s Jersey-incorporated dormant unit begins wind-up process
KUALA LUMPUR (Sept 21): A Jersey-incorporated unit of Amcorp Properties Bhd (AmProp) has kick started its wind-up process.
PROPERTY SNAPSHOT 4: What’s hot in Wangsa Maju?
• Today, we look at price growth and indicative asking rental yields for non-landed residences in Wangsa Maju.
