News about FIC

The property, situated on freehold land measuring 23,479.

Judicial Commissioner Eddie Yeo had allowed the third party discovery by Felda and FIC to use a report by Ernst and Young entitled 'Fact-based Investigation on the Development of Kuala Lumpur Vertical City (KLVC), Final Report', together with its annexures and another report from the Prime Minister’s Department known as the 'Salihan Report', as evidence in the common bundle of documents for the trial.

According to the JLL’s study, newly-completed ESG-compliant office buildings in Greater KL command higher occupancy rates at 80% to 90%, with average achievable rents exceeding non-green buildings.

Newly launched Grade A projects in Kuala Lumpur recorded significant take-up from major international tenants, as occupiers gravitated to high-quality spaces with green accreditation, the report said.

Vestland intends to fund the proposed office acquisition via internally generated funds, while the proposed warehouse acquisition will be funded through a mix of internally generated funds and bank borrowings.

He attributed this growth to the country's strategic location, favourable government policies, proximity to Singapore, as well as attractively priced land, power, and water.

“We prefer players involved in the value chain of data centre construction over operators, as they also benefit from a surge in investment by hyperscalers.

It also introduced a new Master Data programme to enhance client interactions, streamline agency operations and sharpen its negotiators’ competitive edge in this new digital age.

The report also highlighted that due to significant immigration inflows into major cities in the region, home prices and rent have risen materially.

Among Southeast Asian cities, Manila had the second highest average office fit out cost at S$129 psf, followed by Bangkok at S$144 psf.