News about KL

KUALA LUMPUR (April 13): The 18-acre Paragon@KL Northgate mixed development in Selayang, which carries a gross development value (GDV) of RM3.

PETALING JAYA: S P Setia Bhd’s first foray into Bukit Tinggi, Klang has been well-received.

KUALA LUMPUR (April 13): Lion Industries Corp Bhd is selling an industrial property in Kapar, Klang, to Yinson Corp Sdn Bhd for RM45 million to partly settle some outstanding debts owed by its 99%-owned Amsteel Mills Sdn Bhd (AMSB), after which it will lease back the asset from Yinson Corp.

PETALING JAYA (April 13): Village Grocer Holdings Sdn Bhd (VGH), the owner of premium supermarket chain Village Grocer has acquired a 100% stake in Ben’s Independent Grocer Sdn Bhd (B.

WCT Holdings Bhd (April 12, RM2) Maintain hold with a higher target price (TP) of RM2.

KUALA LUMPUR (April 11): Naza TTDI Sdn Bhd has forged a strategic partnership with Triterra Metropolis Sdn Bhd (Triterra) to kick-start an office development dubbed The MET Corporate Towers at the 75.

PETALING JAYA (April 8): One in five of the high-rise properties around Kuala Lumpur City Centre (KLCC) is believed to be unsafe due to certain defects caused by shoddy workmanship, apathy and ignorance in property management, as well as lawlessness in the design of buildings, said Architect Centre Sdn Bhd accredited architect and trainer Anthony Lee Tee.

KUALA LUMPUR (April 7): Amanahraya Real Estate Investment Trust (Amanahraya REIT) has redesignated its chief operating officer (COO), Noorbaizura Hermeyney as chief executive officer, effective yesterday.

KUALA LUMPUR (April 7): The new tourism tax bill that was just passed is expected to affect KLCCP Stapled Group, which owns Mandarin Oriental Kuala Lumpur Hotel that is already facing a challenging environment.

KUALA LUMPUR (April 7): KLCCP Stapled Group is currently in the midst of negotiating with a potential tenant to take up 40% of Menara Exxon-Mobil which is vacant.