Econpile bags RM48m job from MRCB

KUALA LUMPUR (Oct 6): Piling and foundation specialist Econpile Holdings Bhd has bagged a RM48 million contract from Malaysian Resources Corp Bhd (MRCB) for its 9 Seputeh mixed development project at Old Klang Road.

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London remains attractive to Malaysian institutional investors

London will continue to attract Malaysian real estate investors and developers including prominent institutional investors such as the Employees Provident Fund (EPF), Lembaga Tabung Haji and Kumpulan Wang Persaraan (Diperbadankan) (KWAP), although these funds have slowed their buying activity slightly with some of them having even disposed of their real estate assets in the city such as EPF’s disposal of One Sheldon Square and 11-12 St James Square office buildings.

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Buying prime assets in the UK

THE UK election result on June 8 makes investing in UK assets tough, says Mark Schofield, managing director of global strategy and macro group at Citi.

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