News about SPAC

PETALING JAYA (March 26): A stronger performing economy has not helped the Kuala Lumpur office property sector as it continues to struggle with an oversupply of new buildings amidst subdued leasing activities, said global consultancy firm Knight Frank.

KUALA LUMPUR (Feb 28): UEM Sunrise Bhd has teamed up with BlackWall Ltd, an Australian public-listed real estate company based in Sydney, to explore leasing opportunities and identify potential commercial and/or retail developments for co-working space.

No longer an alien concept, co-working spaces have been gaining more attention of late.

PETALING JAYA (Feb 5): As co-working space Colony Space Asia gears up for rapid expansion, it is seeking to boost its roster of talents and will pay RM10,000 in referral fees to anyone who recommends a new candidate who is hired and confirmed after their probationary period, it said in a press statement today.

KUALA LUMPUR (Dec 6): The average occupancy rate of retail space in the Klang Valley, which has been falling marginally over the last six years, is now hovering at a five-year low of 86%, said real estate services firm Nawawi Tie Leung Sdn Bhd (NTL).

Axis Real Estate Investment Trust (Nov 13, RM1.

PETALING JAYA (Oct 20): The recently formed Asia Pacific Space Designers Alliance (APSDA) aims to expand its member base from the current 20,540 members across eight member countries — Malaysia, China, Australia, Indonesia, India, Japan, the Philippines and Thailand — said its president Chris Yap Seng Chye.

KUALA LUMPUR (Oct 11): Sunway Real Estate Investment Trust’s (Sunway REIT) proposed acquisition of Sunway Clio Property from Sunway Bhd for RM340 million is fair and reasonable, and not detrimental to the minority shareholders, says independent adviser AmInvestment Bank Bhd.

Co-working centres continue to expand globally, although the rate of growth slowed from 30% in 2015 to 22% in 2016, according to Deskmag’s Global Co-working Survey 2017.

MANY co-working operators do not really understand co-working, according to Kong Wan Sing, founder and CEO of JustCo, a home-grown serviced office and co-working operator.