AmFIRST to acquire Mydin store in Penang

KUALA LUMPUR (April 14): AmFIRST Real Estate Investment Trust (AmFIRST REIT) is expected to make its first investment in the north through the acquisition of a retail asset in Seberang Prai, Penang — owned by established multi-format retailer Mydin Mohamed Holdings Bhd — for an estimated RM250 million.

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CIDB leads in pledge on sustainable infrastructure

KUALA LUMPUR (April 10): The Construction Industry Development Board (CIDB), in collaboration with the Works Ministry, has signed the Sustainable Infrastructure in Malaysia Pledge to reduce environmental damage and the maintenance cost of buildings.

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Affordable homes in Shah Alam

SHAH ALAM (April 10): Sin Heap Lee Development Sdn Bhd (SHL) recently launched its Sri Budiman Apartments — an affordable 536-unit guarded home development within the 150-acre (60.

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BlackRock sells DoubleTree hotel in KL for RM388 mil

KUALA LUMPUR (April 10): BlackRock Inc, the world’s largest asset manager, has finally found a buyer for its 540-room DoubleTree by Hilton Kuala Lumpur hotel in Singapore-based Royal Group Holdings — owned by tycoon Asok Kumar Hiranandani — more than a year after it was put on the market.

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