Rubberex in joint collaboration to develop, operate Empire City Mall
PETALING JAYA (Oct 5): Glove maker Rubberex Corp (M) Bhd is proposing to take part in a joint collaboration to develop and operate Empire City Mall, Focus Malaysia reported today.
Pressure on office and retail rents to remain as vacancy rates rise — BNM
KUALA LUMPUR (Sept 30): Despite various extensions of rental relief, up to half of mall operators reported significant difficulties collecting rents from their tenants in the first half of 2021 (1H21), according to Bank Negara Malaysia (BNM).
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Encorp: Appointment of three new directors ‘sparks interest’
KUALA LUMPUR (Sept 18): Excitement and gains in share price seem to have originated from the appointment last week of three new directors at the property development company Encorp Bhd, reported The Edge Malaysia.
Report: Datuk Eddie Ong could emerge as substantial unitholder of KIP REIT
KUALA LUMPUR (Sept 11): Businessman Datuk Eddie Ong Choo Meng (pictured) “could emerge as a substantial unitholder of retail KIP Real Estate Investment Trust as early as this week”, The Edge Malaysia reported in its latest issue.
Sabah: Skybridge to nowhere will get ‘missing link’ in six months – KK mayor
KOTA KINABALU (Sept 10): The multi-million ringgit Skybridge here which was reported to lead to a dead end instead of a mall will have a link in six months.
Tepid interest in IGB Commercial REIT evidence of harsh conditions in office market
KUALA LUMPUR (Sept 10): Few may disagree that IGB Bhd signifies quality real estate assets given its track record, be it shopping malls or office space.
Report: FELDA looking to 'dispose of a stake' in Encorp
KUALA LUMPUR (Aug 21): Federal Land Development Authority (FELDA) “is understood to be looking to dispose of a stake” in developer Encorp Bhd, The Edge Malaysia reported this week.
Sunway Malls facilitating up to RM200m in working capital to assist retailers as pandemic creates 'cash-flow crunch'
KUALA LUMPUR (Aug 2): Sunway Malls announced today that it is facilitating up to RM200 million in working capital to assist its retailers through financing facilities provided by RHB Banking Group and Credit Guarantee Corporation Malaysia Bhd (CGC).
Revival possibility remains bleak for abandoned malls in JB
JOHOR BAHRU (July 29): With more new malls opening, coupled with weak market conditions, the hope of abandoned malls in the capital city of the southern region to attract white knights to rescue them seems even harder reported The Star.
Retail groups urge govt to allow shops to reopen when 70% of public-facing staff fully vaccinated
KUALA LUMPUR (July 25): Retail groups are asking the government to allow shops to reopen for business, as long as 70% of public-facing workers are fully vaccinated.
