PETALING JAYA (March 27): REHDA Institute has embarked on its Asia Real Estate Leaders (AREL) Study Tour to the United Kingdom, with stops across London, Bristol, Bath and Cambridge, as part of its efforts to strengthen global knowledge exchange and leadership development within Malaysia’s real estate sector.
KUALA LUMPUR (Jan 12): IGB Bhd's (KL:IGBB) associates have disposed of UK-based assets, including the St Giles Hotel London, for a total of £220 million (RM1.
According to its bourse filing, the units, located on North Gower Street in London, have a combined net lettable area of 6,248 sq ft and, based on existing tenancies, could generate annual rental income of £330,576 (RM1.
The sale was completed on Oct 24, Mulpha noted.
The Marshgate Lane project forms part of Gamuda Land’s plan to deliver up to 3,000 student beds across UK cities in the next five years.
The land is owned by E&O’s indirect unit, Hammersmith Properties Ltd.
Twenty nine of London’s finest South East Asian chefs, street food pop-ups and eateries are coming to Battersea Power Station for celebrASIA 2025.
Previously known as Winchester House and the UK headquarters of Deutsche Bank, Gamuda and Castleforge acquired the building in February 2023 in a 75:25 joint venture.
“The Ministry of Finance did not authorise these purchases, but the Ministry of Rural and Regional Development (KKDW) appealed [for them], and the matter was brought to the Economic Council, which then approved it in 2013.
The Ministry of Finance (MOF) said the provision was attributed to EPF’s 20% stake in the JV firm Battersea Project Holding Company Ltd (BPHCL).
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