KL real estate market shows broad resilience across sectors, says JLL Malaysia
JLL Malaysia head of research and consultancy Yulia Nikulicheva highlighted that vacancy in the logistics sector fell to 4%, down from 4.
JLL Malaysia head of research and consultancy Yulia Nikulicheva highlighted that vacancy in the logistics sector fell to 4%, down from 4.
The acquisition will turn Empire Resorts, the operator of Resorts World Catskills, Resorts World Hudson Valley, and Resorts World Bet in New York, from being GENM's 49%-owned associate to a fully-owned subsidiary.
The transaction, announced by Genting Malaysia on Friday via a bourse filing, will result in Empire Resorts becoming an indirect wholly owned subsidiary of Genting Malaysia, via Genting ER Ltd.
At present, the company is focusing on asset rejuvenation — including upgrading and refurbishing its properties — in an effort to attract more tenants.
“Continued observations of preferences for more flexible tenancy contracts and hybrid work arrangements suggest adjustments in supply still have some way to go.
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“Approvals under the previous policy stand at 57,686, comprising 28,209 principals and 29,477 dependents.
Sim Leisure announced on Dec 19 that it had received a notice of termination over the project.
When the three properties are fully leased, CLMT is expected to generate an annual gross rent of RM5.