E&O to launch second serviced apartment Arica in Penang’s Andaman island
Arica is a 380-unit freehold serviced apartment development, offering unit built-ups ranging from 947 sq ft to 1,259 sq ft and priced from RM800,000.
E&O sees rights issue, future sales supporting Phase 2 Andaman Island capex outlay
The group, which is seeking additional funds for the second phase of its 760-acre Andaman Island project, expects to have around RM500 million cash in hand next year despite downsizing its rights issue that was first proposed in February 2022.
Landmarks confirms major fire incident at The Andaman resort in Langkawi
KUALA LUMPUR (Jan 13): Landmarks Bhd has confirmed that a major fire incident took place at The Andaman, its hotel resort in Langkawi.
Fire at Langkawi's five-star Andaman Resort
KUALA LUMPUR (Jan 13): A fire that “gutted” part of the five-star Andaman Resort in Langkawi yesterday but the blaze has since “been brought under control”, reported The Star.
PKNS sues Parkson over alleged failure to pay rent for retail space in Bangi mall
KUALA LUMPUR (Dec 26): A firm owned by the Selangor State Development Corp (PKNS) and Andaman Group is suing Parkson Corporation Sdn Bhd (PCSB) for allegedly failing to pay rent for a retail space in EVO Shopping Mall in Bangi.
Unit owners at Cyberjaya property to sue developer over alleged payment defaults
PETALING JAYA (Jan 18): Almost 60 owners of units in The Arc @ Cyberjaya condominium have launched a class action suit against its developer Maju Puncakbumi Sdn Bhd for allegedly defaulting on a guaranteed rental return (GRR) scheme payment.
Smart homes set to debut in Klang soon
KLANG (Oct 6): Property developer Mitraland Group Sdn Bhd is set to launch its first smart homes — the 31-storey Andaman Residences serviced apartment — in its mixed-use development Gravit8 in Klang around mid-November.
China’s Wanda roped in for Langkawi project
LANGKAWI (Aug 9): Property developer Cenang Resort Sdn Bhd yesterday announced a strategic partnership with China’s largest five-star hotel management company, Wanda Hotels & Resorts Co Ltd, which will see the latter manage the Wanda Realm Resort Langkawi within the Tropicana Cenang mixed development here.
Landmarks eyes JV partner for new hotels in Indonesia
KUALA LUMPUR (May 25): Loss-making hospitality and property company Landmarks Bhd is looking for a joint-venture (JV) partner to add new hotels and resorts within its Treasure Bay Bintan development in Bintan, Indonesia.
E&O back in the black in 4Q; STP2A on track to complete in 2H18
KUALA LUMPUR (May 24): Property developer Eastern & Oriental Bhd (E&O) returned to the black in the fourth quarter ended March 31, 2017 (4QFY17), posting a net profit of RM49.
