KIP REIT unitholders greenlight RM80 mil KIPMall Kota Warisan acquisition
KIPMall Kota Warisan houses a one-and-a-half-storey retail centre, with a net lettable area of approximately 17,300 sq m on a freehold land in Dengkil, Sepang in Selangor.
YLI receives land acquisition compensation of RM98 mil from Malaysian Rail Link
The steel manufacturer said the land was acquired by Malaysian Rail Link Sdn Bhd, an agency under the Ministry of Finance Inc (MOF Inc), which has been appointed as the asset and project owner of East Coast Rail Link (ECRL).
AME REIT aims for 100% lease renewal, targets RM100 mil acquisition to expand portfolio
Of the 12 leases, AME REIT has successfully renewed leases with five existing tenants, obtained one replacement tenant, and confirmed lease renewals with six existing tenants, which will be finalised by end-FY2024.
Sime Darby Property’s industrial growth strategy bolstered via RM618 mil land acquisition
The Kapar land acquisition is in line with Sime Darby Property’s SHIFT25 strategy, which aims to transform the company from a pure play property developer into a real estate company by broadening and diversifying its income streams.
Mulpha International to buy mall, associated marina in Australia for RM205m
KUALA LUMPUR (May 27): Diversified group Mulpha International Bhd is acquiring the Capri On Via Roma shopping centre and associated marina, with a combined built up area of 11,863 sq m, in Queensland, Australia for A$65.
ES Ceramic to diversify into construction materials via RM83m acquisition of Evermix
KUALA LUMPUR (May 6): ES Ceramic Technology Bhd, a maker of hand formers for rubber glove producers, has proposed to acquire Evermix Concrete Sdn Bhd for RM83 million in a bid to diversify into the manufacturing and trading of construction materials.
Vortex to buy RM246m worth of properties in Genting Highlands
KUALA LUMPUR (April 29): Information technology and property construction company Vortex Consolidated Bhd is acquiring 187 units of serviced apartments in an on-going property development called Antara @ Genting Highlands in Pahang that is undertaken by Aset Kayamas Sdn Bhd for RM246.
Pintaras Jaya to dispose of Klang industrial land to Senheng’s unit for RM25.28 mil
KUALA LUMPUR (April 1): Piling and foundation specialist Pintaras Jaya Bhd is disposing of a plot of industrial land in Klang to Senheng New Retail Bhd’s wholly owned subsidiary Senheng Electric (KL) Sdn Bhd for a total cash consideration of RM25.
Axis REIT to acquire industrial facility in Johor for RM16.3m
KUALA LUMPUR (Feb 23): Axis Real Estate Investment Trust (Axis REIT) has proposed to acquire an industrial facility in Kulai, Johor for RM16.
Chin Hin Group Property to diversify into water infrastructure construction works
KUALA LUMPUR (Feb 17): Chin Hin Group Property Bhd (CHGP) has proposed to acquire a 60% stake or 15 million shares in Asia Baru Construction Sdn Bhd for RM30 million cash, to diversify into water infrastructure construction works.
