KLCCP issues RM1.95b sukuk to fund 40% stake buy in Suria KLCC
The Sukuk Wakalah has a tenure ranging from three to five years, offering a periodic distribution rate between 3.
The Sukuk Wakalah has a tenure ranging from three to five years, offering a periodic distribution rate between 3.
KLCCP said it has entered into a share purchase agreement with Ocmador (Malaysia) City Retail Centre Sdn Bhd, Port Moresby Investments Ltd and Bold Peak Sdn Bhd for the proposed acquisition.
"The group has expressed interest in exploring global assets to add to its portfolio, but would prioritise improving the efficiency of its local operations first.
The redevelopment project will result in the expansion of the retail space of an approximate 50,000 square feet (sq ft) of net lettable area (NLA).
The group — comprising KLCCP and KLCC REIT — saw quarterly revenue grow 18.
It is more than just saying HI to Santa at the malls this year KUALA LUMPUR (Dec 13): It is that time of the year again when local malls go all out to look their best for the merry month.
The group said in a Bursa Malaysia filing on Tuesday (Aug 9) that the improved year-on-year performance was mainly due to a better performance of its retail segment, driven by lower rental assistance and higher advertising income.
KUALA LUMPUR (Sept 1): A famous food court at Suria KLCC has shuttered permanently today after 22 years of operations.
PETALING JAYA (April 1): Sunway Belfield, Sunway Property’s latest freehold residential development in Kuala Lumpur, has achieved an 80% take-up rate despite its soft launch during the movement control order (MCO) early this year.
Every year, the festive ambience and specially curated Chinese New Year (CNY) decorations are one of the crowd pullers to shopping malls.