UEM Sunrise exceeds launch and sales targets for 2023
Total revenue of RM605 million; 76% from property development activities.
Total revenue of RM605 million; 76% from property development activities.
The development will span over 100 acres of leasehold land and be developed in five phases over seven years.
Of the 12 leases, AME REIT has successfully renewed leases with five existing tenants, obtained one replacement tenant, and confirmed lease renewals with six existing tenants, which will be finalised by end-FY2024.
Minister of Natural Resources, Environment and Climate Change Nik Nazmi Nik Ahmad: The repercussions of climate change are being seen worldwide, including recent heatwaves that have affected many Asian countries, increasing sea levels, and more regular flooding in our backyards.
The group is selling the property, via its wholly owned unit Metro Envy Sdn Bhd, to Gorgeous Arena Sdn Bhd (GASB), Tex Cycle said in a filing with Bursa Malaysia.
The project, which includes upgrades to the existing road networks, as well as the rehabilitation of the 15-acre Sunway Serene Lake, was done in tandem with its planning for the 17-acre Sunway Serene development.
The court also considered that there was no approval from the land owner for True Renaissance to continue with the project.
Khazanah plans for the platform to drive Malaysia’s decarbonisation agenda while also upskilling Malaysians in green sectors over the long term.
The metrics include the total renewable energy in MWh generated by all solar photovoltaic systems in the REIT’s properties, and the weighted average building energy intensity measured in kWh per square metre of the building’s gross floor area per year.
This is the first BTR project by a Malaysian developer in Australia, in a bid to strengthen thegroup’s presence there.