Encounter the ‘Sell’ in the Property Investment Quadrant
This is part 2 of a 4-part series in addressing this unique Property Investment Quadrant (PIQ).
MACC makes another arrest over FIC’s Kuching hotel purchase
KUALA LUMPUR (Aug 1): The Malaysian Anti-Corruption Commission (MACC) arrested a former special officer to a former Felda chairman to assist in the probe into the purchase of a hotel in Kuching, Sarawak by Felda Investment Corp (FIC), Bernama reported today The anti-graft body’s chief commissioner Datuk Dzulkifli Ahmad said the man was held at 4am at the MACC’s Putrajaya Office where he had gone to provide a statement, Bernama reported.
Former FIC CEO remanded another four days over London hotel deal
KUALA LUMPUR (Aug 1): The ex-chief executive officer (CEO) of Felda Investment Corp (FIC) who was detained yesterday to assist the Malaysian Anti-Corruption Commission (MACC) in the investigation into the case of a hotel purchase in London has been remanded for another four days, Bernama reported today.
Axis REIT plans to buy Pahang lands from Wah Seong units for RM155 mil
KUALA LUMPUR (July 24): Axis Real Estate Investment Trust (REIT) is planning to buy one piece of leasehold land and a portion of another leasehold land in Pahang, measuring a total of 126.
Two ex-real estate execs arrested in connection with Felda's London hotel purchase
(July 22): Two ex-real estate executives who were involved in Felda Investment Corporation's (FIC) purchase of the four-star Kensington Hotel in London have been arrested by the Malaysian Anti-Corruption Commission (MACC).
UOA REIT 2Q rental income slides 15%, declares 2.06 sen DPU
KUALA LUMPUR (July 21): UOA Real Estate Investment Trust (REIT)'s second quarter ended June 30, 2017 (2QFY17) net rental income fell 15% to RM14.
Ikhmas Jaya to raise RM33.8 mil to pay suppliers, sub-contractors
KUALA LUMPUR (July 17): Ikhmas Jaya Group Bhd plans to raise some RM33.
Sunway issues RM10 mil worth of notes under RM10 billon sukuk programme
KUALA LUMPUR (July 17): Sunway Bhd today made its first issuance of RM10 million worth of notes under its RM10 billion Islamic medium term note (IMTN) programme.
Offer premium for Global Logistic Properties in line with past privatisations: UOB
SINGAPORE (July 17): UOB KayHian is recommending take up Nesta Investment’s offer to privatise Global Logistic Properties as it is above the brokerage’s target price of S$2.
AmProp acquires two new properties in Spain
KUALA LUMPUR (July 14): Amcorp Properties Bhd (AmProp) and its joint venture (JV) partner Grosvenor Europe Investments Ltd have acquired two new properties in the Chamberi district of Madrid, Spain.
