PETALING JAYA (Jan 16): A local industry leader notes that Malaysian firms are reassessing their strategies to position real estate as an institutional-grade asset class capable of delivering stable, long-term returns.
The company will be working on Sydney Metro West stations in a contract valued at RM7.
The 50:50 joint venture with Samsung C&T Corporation will be working on the Marinus Link undersea cable project, covering civil, structural, and electrical infrastructure, Gamuda said in an exchange filing.
The property developer has agreed to become an anchor investor in TrustCapital Australian Office Fund No 3.
Located at 333 St Kilda Road, the project comprises 78 residential units and three retail lots on a land area of about 2,000 sq m, 7km from the Melbourne central business district.
Gamuda is currently the main tunnelling contractor for the SMW Western Tunnelling Package, linking Sydney Olympic Park and Westmead through a joint venture (JV) with Laing O’Rourke.
The Mayland partnership will focus on activating JLand-owned land in Johor Bahru through joint ventures aligned with the JS-SEZ.
Brookfield Asset Management Inc, AOG Limited Partnership (AOG LP), and Hydra RL MEP Pty Ltd are selling all their shares in Hydra RL TopCo Pty Ltd, which indirectly fully owns Aveo.
Scape, which mainly owns and operates student accommodation in Australia, and co-investor South Korea’s National Pension Service have agreed to pay A$3.
On its outlook, EWI noted that while London faces a housing undersupply, high interest rates are slowing sales and pressuring prices.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
