UK opportunities abound for Malaysian developers, construction players
KUALA LUMPUR (May 11): Despite forecasts of doom and gloom for the UK amid its decision to leave the European Union, opportunities are abound for Malaysian companies to invest in the country, especially in the property and construction industry.
Office space on demand
This June, Tjin Lee, founder and managing director of the Mercury group of companies, is moving her public relations and marketing & communications (M&C) teams to the co-working space at The Work Project at OUE Downtown Gallery.
11 Rumah Selangorku projects to be completed this year
PETALING JAYA (May 3): A total of 11 Rumah Selangorku projects, amounting to 2,820 units of affordable homes, will be completed by the end of this year, according to the Selangor Housing and Property Board (LPHS).
Sabana REIT manager CEO Xayaraj steps down; acquisition of 47 Changi South Ave 2 aborted
SINGAPORE (May 10): Kevin Xayaraj has stepped down from his position as CEO and executive director of Sabana Real Estate Investment Management (SREIM), the manager of Sabana REIT.
IJM Perennial Development unveils The Light City, Penang
PETALING JAYA (May 9): IJM Perennial Development Sdn Bhd, a joint venture between IJM Corp Bhd and Perennial Real Estates Holdings Ltd, has unveiled The Light City, a large-scale integrated mixed-use waterfront development in Gelugor, Penang.
This REIT has enjoyed 8 straight quarters of DPU growth
SINGAPORE (May 9): OCBC is re-iterating its “buy” call on Lippo Malls Indonesia Retail Trust with a fair value of S$0.
MK Land sells nine Perak land plots for RM72 mil
KUALA LUMPUR (May 8): MK Land Holdings Bhd is selling off nine parcels of leasehold land in Kamunting, Perak for RM72 million, to improve its financial position.
Perennial's 1Q earnings more than quadruple to S$38.7 mil on one-off divestment gain
SINGAPORE (May 8): Perennial Real Estate Holdings posted earnings of S$38.