Axis-REIT 1Q net income rises 8.3% to RM49.9m on larger portfolio, lower financing costs
PETALING JAYA (April 29): Axis Real Estate Investment Trust (Axis-REIT) posted a stronger first quarter, with net income rising 8.
PETALING JAYA (April 29): Axis Real Estate Investment Trust (Axis-REIT) posted a stronger first quarter, with net income rising 8.
PETALING JAYA (April 29): UOA Real Estate Investment Trust's (UOA REIT) proposed acquisition of three commercial properties for RM200 million has been called off after unitholders voted against the deal at an adjourned unitholders' meeting held today.
PETALING JAYA (April 29): KHPT Holdings Bhd's soon-to-be-acquired subsidiary, Ngai Cheong Metal Industries Sdn Bhd (NCMI), has entered into a 10-year lease for a factory complex in Puchong, Selangor, at an initial annual rental of RM1.
KUALA LUMPUR (April 29): Kuala Lumpur's residential property market recorded steady quarterly growth throughout 2025, with each successive quarter surpassing the previous, culminating in the strongest performance since 2021.
PETALING JAYA (April 29): Real estate agency Wereg Properties recorded a 50% to 100% increase in sales revenue over the past year, marking a significant milestone in its growth trajectory.
PETALING JAYA (April 28): The Forest City Special Financial Zone (SFZ) is well-positioned to draw global investors seeking stability, as geopolitical tensions in West Asia push ultra-high-net-worth individuals to reposition assets into safer jurisdictions.
PETALING JAYA (April 29): 7-Eleven Malaysia Holdings Bhd (SEM) is pushing upstream into food production, with its 60%-owned subsidiary QVI Foods Sdn Bhd signing a Sale and Purchase Agreement (SPA) yesterday to acquire a parcel of freehold agricultural land in Seri Kembangan, Selangor for a cash consideration of RM19 million, or approximately RM205 psf, according to its announcement on Bursa Malaysia.
PETALING JAYA (April 29): Avaland Bhd is expanding its footprint in Kuala Lumpur's luxury residential segment, with its indirect wholly-owned subsidiary Nexus Advertising Sdn Bhd (NASB) signing a conditional sale and purchase agreement (SPA) yesterday (April 28) to acquire three adjoining parcels of freehold development land in the prestigious Taman U-Thant embassy enclave for RM86,039,000, according to its announcement on Bursa Malaysia.
KUALA LUMPUR (April 29): UEM Sunrise Bhd (KL:UEMS) rose for a fourth straight session on Tuesday, driven by speculation over its undervaluation, potential takeover interest and re-rating prospects as it looks to unlock value from its Johor landbank.
KUALA LUMPUR (April 29): KLCCP Stapled Group (KL:KLCC), controlled by Petroliam Nasional Bhd, said rising cost pressures may weigh on its retail and hotel segments this year amid heightened economic uncertainty from prolonged Middle East tensions.