MQREIT to raise RM487.942 mil from proposed placement
KUALA LUMPUR (Dec 8) MRCB-Quill REIT (MQREIT) is set to raise RM487.
Gamuda's MD says unaware RM27b Penang Transport Master Plan cost up at RM46b
KOTA KEMUNING (Dec 8): Gamuda Bhd group managing director Datuk Lin Yun Ling said he was unaware that the proposed Penang Transport Master Plan's (TMP) original RM27 billion cost had exceeded RM40 billion as reported.
MQREIT: No plans to go into property development yet
KUALA LUMPUR (Dec 8): MRCB Quill Management Sdn Bhd, the manager of MRCB-Quill Real Estate Investment Trust (MQREIT), says it has no plans to embark on property development activities as yet, despite the proposed liberalisation of the REIT guidelines by the Securities Commission Malaysia (SC) in July.
Buyers sought for prime land in George Town
WITH land getting scarce on Penang island, a tract in George Town that is as big as two Olympic-sized swimming pools could fetch its owners as much as RM37 million.
MQREIT will look into potential of acquiring Menara Celcom in PJ
KUALA LUMPUR (Dec 7): MRCB Quill Management Sdn Bhd, the manager of MRCB-Quill Real Estate Investment Trust (MQREIT) said it is open to acquiring new assets in the future and will look into the potential of injecting Menara Celcom in Petaling Jaya from one of its sponsors, Malaysian Resources Corp Bhd (MRCB).
KL mayor stops Bangsar hillside garden project after protest
KUALA LUMPUR (Dec 6): The Kuala Lumpur mayor has halted a proposed community garden on the part of a hillslope that directly impacts a group of Bangsar residents, the Malay Mail Online reported yesterday.
Mammoth Empire confirms crane toppled at construction site, no casualties
PETALING JAYA (Dec 6): Mammoth Empire Construction Sdn Bhd, a subsidiary of Mammoth Empire Holding (Mammoth Empire), has confirmed that a mobile crane had overturned yesterday at its Empire City Damansara construction site located in Damansara Perdana.
MBSB CEO keeps mum about MBSB-AFB merger
KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) president and chief executive officer (CEO) Datuk Ahmad Zaini Othman (pictured) kept mum about questions yesterday about the potential merger and acquisition (M&A) of MBSB with Asian Finance Bank (AFB), saying only it is now a shareholder matter.
From backwater to property hot spots
TYPICALLY, when prime land in the city centre becomes scarce, fringe areas become the next natural target for both investors and developers.
Tower A of SkyAwani 2 Residences fully sold in three hours
KUALA LUMPUR (Dec 5): SkyWorld Development Group’s SkyAwani 2 Residences’ Tower A which was launched last Saturday had received overwhelming response.
