News about IOI Properties

The IOI Central Boulevard Towers in Singapore added RM1.

HLIB said that while the mall is currently loss making, it sees value in this acquisition.

Tropicana Corp: “This transaction aligns with the group's ongoing strategic initiatives to monetise its low-yielding landbanks and investment properties, providing the financial flexibility necessary to support future growth”.

TA Securities and Hong Leong Investment Bank (HLIB) said the net gearing of IOI Properties would substantially rise to 0.

Shenton House covers 3,377 sq m and is designated for commercial use with a gross plot ratio (GPR) of 11.

Looking to the final quarter of the financial year, IOI Properties said the group is optimistic of a satisfactory performance, adding that its property development segment in the Klang Valley is poised to improve with a strong pipeline of launches while its Johor projects are well-capitalised on various proposed initiatives taking shape in the state.

The company has yet to announce Melissa Tan Swee Peng’s replacement.

Spanning 117 acres in southern Klang Valley, the 12-phase Senna Puteri will be developed over the next 10 years, offering residential, commercial, recreational areas, green spaces, community hall, surau and more.

The research house said developers with sizeable landbanks and industrial segment exposure should see greater benefit from infrastructure developments and rising investment flows.

The group noted that though “revenue in the property development segment has declined by 16%, the contraction is partially offset by the impressive performance observed in our property investment segment which improved by 25%”.