Magma, KLCC Holdings sell Impiana KLCC hotel for RM315m to Valiram-backed buyer
The sale helps Magma unlock value from a non-core asset, reduce debt, and focus on higher-growth areas.
The sale helps Magma unlock value from a non-core asset, reduce debt, and focus on higher-growth areas.
Transport Minister Anthony Loke also reiterated that the government intends to proceed with the HSR project only through private sector-led investment, without direct government funding.
DBKL assured residents "that every decision related to urban development is always based on existing policies and the gazetted development plans.
High Court judge Datuk Raja Ahmad Mohzanuddin Shah Raja Mohzan allowed Communications Minister Datuk Fahmi Fadzil and the government’s application to strike out the suit on the grounds that Asian Kitchen had no legal right to bring suits over concession agreements it was not party to.
MDEC is working closely with the federal government on three smart city projects: creating Digital Twins to predict traffic and flood risks, Smart Tree profiling and Digital Avatars to improve city planning.
The property developer said it has entered into a sale and purchase agreement with Magna Tiara Development Sdn Bhd to acquire the building—called Southbank Block 6—measuring 4,039 sq m, at RM678.
Phase 1 will see BYD as the anchor investor at KLK TechPark with a 150-acre facility.
Last Thursday (Sept 4), the trust said it was buying the property, comprising a factory, warehouse and office, with a combined gross floor area of 240,600 sq ft in the Bandar Sultan Suleiman industrial area.
Unless substantial amendments are made or both legislations are forthwith withdrawn, they risk undermining property rights, community participation, and the democratic governance of the city of KL.
MAHB managing director Datuk Mohd Izani Ghani said while there were no disruptions to overall airport operations or passenger transfers between the main and satellite terminals, the airport operator “expects better” from its partners.