CDL Hospitality Trusts gets a DPU kick from The Lowry
SINGAPORE (May 8): DBS is maintaining its “buy” call on CDL Hospitality Trusts with a revised target price of S$1.
Asian Pac to launch Fortune Centra mixed development in Kepong
KUALA LUMPUR (May 7): Asian Pac Holdings Bhd will be officially launching a mixed development known as Fortune Centra in Kepong, Kuala Lumpur on May 20.
Sunway REIT 9MFY17 is well within expectations
Sunway Real Estate Investment Trust (May 4, RM1.
ECM Libra identifies hotel ops as new core business
KUALA LUMPUR (May 5): ECM Libra Financial Group Bhd has identified hotel management and ownership as its new core business after disposing of its investment banking and securities business in 2012.
Either 1MDB or MoF to foot refund of RM741m deposit
KUALA LUMPUR (May 5): Questions are now being raised over who will refund the RM741 million deposit paid by a consortium led by Iskandar Waterfront Holdings Sdn Bhd (IWH) to acquire a 60% equity interest in Bandar Malaysia Sdn Bhd after the deal was called off on Wednesday.
DONE DEAL: Shop at Publika, Solaris Dutamas, Kuala Lumpur
Rented for: RM6,000 a month (RM3.
ARA Asset Management said to mull purchase of Sydney CBD tower
SINGAPORE (May 4): ARA Asset Management, the Singapore manager of REITs, is said to be eyeing the purchase of 320 Pitt Street, a major tower located in Sydney’s central business district which is being sold by a fund managed by Propertylink Group.
Sime Darby Property, KWAP and Brunsfield Development sign MoU to kick-start Malaysia Vision Valley
PETALING JAYA (May 4): Sime Darby Property, Kumpulan Wang Persaraan (Diperbadankan) (KWAP) and Brunsfield Development Sdn Bhd have signed a Memorandum of Understanding (MoU) to lead the development of Malaysia Vision Valley (MVV).
Stronger retail, office segments lift Sunway REIT NPI
KUALA LUMPUR (May 4): Sunway Real Estate Investment Trust (Sunway REIT) reported a 4% rise in net property income (NPI) to RM100.
