Axis REIT sues ex-tenant to recover RM105 mil in unexpired future rental payments
The REIT said the suit against Yongnam Engineering Sdn Bhd (YESB) was filed by its trustee, RHB Trustees Bhd, at the High Court in Johor Bahru on Tuesday.
The REIT said the suit against Yongnam Engineering Sdn Bhd (YESB) was filed by its trustee, RHB Trustees Bhd, at the High Court in Johor Bahru on Tuesday.
The contracts, obtained via its wholly-owned unit Kimlun Sdn Bhd, are for the construction of one block of affordable apartments, 166 units of link houses, ancillary building and infrastructure.
UEM Sunrise said its indirect wholly owned Nusajaya Rise Sdn Bhd has inked two sale and purchase agreements with NTPSB, the JV of UEM Sunrise's wholly owned UEM Land Bhd and CapitaLand's indirect unit Ascendas Land (Malaysia) Sdn Bhd, for the sale of the plots for RM289.
KUALA LUMPUR (Aug 26): UEM Sunrise Bhd posted a net loss of RM7.
PETALING JAYA (April 20): Horizon Hills Development Sdn Bhd, a 50:50 joint venture between UEM Land Bhd and Gamuda Bhd, has entered into a collaboration with CES Horizon Sdn Bhd (CES Horizon), a wholly owned subsidiary of Singapore-based Chip Eng Seng Corp Ltd (Chip Eng Seng Corp), and Nusajaya Greens Sdn Bhd, for the establishment of a built-to-suit school within the Horizon Hills township in Iskandar Puteri, Johor Bahru.
KUALA LUMPUR (Feb 16): UEM Sunrise Bhd and Mulpha International Bhd have called off their joint venture (JV) for a RM5 billion gross development value mixed development in Nusajaya, Johor.
PETALING JAYA (Aug 7): Residents at Estuari Gardens in Iskandar Puteri, Johor, will soon see their township becoming a popular destination for watersports and leisure activities after a series of rejuvenation projects.
PETALING JAYA (June 27): Country View Bhd will take delivery of vacant possession of 163.
Kimlun Corp Bhd (June 21, RM1.
KUALA LUMPUR (June 1): UEM Sunrise Bhd, which had in January engaged London-based Atkins as the master planner for Gerbang Nusajaya’s transit-oriented development (TOD) plot, will reconsider its plan following the government’s decision to scrap the Kuala Lumpur-Singapore high-speed rail (HSR) project.