Latest asset buy seen to have muted impact on Axis REIT’s earnings
Axis Real Estate Investment Trust (Aug 9, RM1.
Sunway REIT declares 2.15 sen DPU, warns property glut is a challenge
KUALA LUMPUR (Aug 10): Even as it endeavours to maintain a 100% payout of its distributable net income in the next fiscal year, Sunway Real Estate Investment Trust has cautioned of the “fundamentally challenging oversupply situation” brought about by tremendous new supply of retail, hotel, and commercial space in the market, exacerbated by lacklustre foreign direct investments and tourism activities.
Drunk old man with gun causes panic at Centrepoint
PETALING JAYA (Aug 9): A drunk 61-year old man caused a stir at the Centrepoint Shopping Centre in Bandar Utama here yesterday when he brandished a semi-automatic pistol, reported news outlets.
1MDB still owns Air Itam land, says Penang CM
PETALING JAYA (Aug 9): 1Malaysia Development Bhd (1MDB) is still the registered owner of 234 acres of land in Air Itam, Penang, even after it was sold to another company as the transfer of ownership is incomplete, reported the Malay Mail.
MIEA: Property investors to make a comeback
PETALING JAYA (Aug 9): Malaysian Institute of Estate Agents (MIEA) holds an optimistic outlook of the property market and believes that real estate investors will make a comeback, due to improving fundamentals under the new government and new policies to address the sector's issues.
Ipoh's animation theme park to drop DreamWorks' attractions
KUALA LUMPUR (Aug 8): Perak Corp Bhd's indirect 51%-owned subsidiary Animation Theme Park Sdn Bhd (ATP) has dropped plans to include DreamWorks' attractions at its Movie Animation Park Studio (MAPS) in Ipoh, Perak, after both parties failed to reach agreement to open the DreamWorks' attractions to the public by Aug 1.
Axis REIT’s first-half core net income within expectations
Axis Real Estate Investment Trust (Aug 7, RM1.
AXIS REIT’s NPI rose 15% in 2Q with bigger portfolio size
KUALA LUMPUR (Aug 7): Axis Real Estate Investment Trust’s (Axis REIT) net property income or NPI rose 15% to RM26.
Advance Synergy to gain RM2.38m from sale of 40% stake in London property
KUALA LUMPUR (Aug 7): Advance Synergy Bhd is disposing of its indirect stake in 40%-owned associate Helenium Holdings Ltd, which owns a freehold mixed-use property in Kilburn High Road, London for £8.
