MRCB’s 80% stake buyout in Bukit Jalil Sentral Property from EPF deemed 'fair and reasonable'
Kenanga IB highlighted the strategic location of the lands—about 1.
Kenanga IB highlighted the strategic location of the lands—about 1.
Revenue for the quarter, however, rose marginally to RM48.
Bukit Damansara, Kuala Lumpur bungalow sold for RM4.
Teh, 47, was appointed in April 2022, replacing Yong Su-Lin, who stepped down after six years.
The land, it said, "can serve as an enlarged hub" for the Malaysian Research Accelerator for Technology & Innovation (MRANTI) Park, which is located 1.
If the disposal of Wisma Sentral Inai goes through, the real estate investment trust will see its overall occupancy rate rise to 94% from 85%, while improving its yield, according to analysts’ estimates, as the loss-making property has been vacant for more than three years now.
Turiya, in a filing with Bursa Malaysia, said it is buying the 31-year-old office building from Sentral Real Estate Investment Trust (REIT) (KL:SENTRAL) to boost revenue, quickly attract tenants, and diversify income away from its semiconductor business.
Revenue for the quarter was down by 2.
The group on Friday inked an agreement with Ipoh Sentral Sdn Bhd (ISSB), following the memorandum of agreement signed between the parties in January, according to a bourse filing.
The assets are currently fully tenanted with a mix of food and beverages (F&B), lifestyle, health and educational tenants, many of which are under a sales turnover rental model.