News about developer

KUALA LUMPUR (April 15): IOI Properties Group Bhd (KL:IOIPG) extended its rally to new highs on Wednesday as investors kept piling into bets of potential asset spin-offs by the property developer.

PETALING JAYA (April 15): Property developers IJM Land Bhd and Amona Group have secured a second wave of tenant signings at Enlace Shoppes, the retail component of Enlace at Pantai Sentral Park, bringing leasing commitments to 25% of the development's total retail space.

KUALA LUMPUR (April 14): Property developer Country Heights Holdings Bhd (K:CHHB) has appointed Mohd Rizal Zubair as its CEO effective Wednesday (April 15).

KUALA LUMPUR (April 14): Trading in shares of Sentoria Group Bhd (KL:SNTORIA) are to be suspended next week, after the property developer was wound up by a court.

ARA DAMANSARA (April 13): Sime Darby Property Bhd is expanding its industrial footprint across Northern Klang Valley with the maiden launch of Phases 1A and 1B, offering a total of 19 freehold industrial land lots, at Elmina Business Park 2.

KUALA LUMPUR (April 13): Ecobuilt Holdings Bhd (KL:ECOHLDS) has proposed to diversify into property development as well as the trading of building materials, a move that the company expects to contribute at least 25% of its net profit in the future.

PETALING JAYA: (April 11): IOI Properties Group Bhd (IOI Properties) has formally announced the proposed establishment of IOIPG Malaysia Real Estate Investment Trust (IOIPG REIT), with a total portfolio disposal consideration of approximately RM7.

BATU KAWAN (April 11): PE Land Group will anchor Capstone Corporate Suites with a 35,000-sq ft regional office upon completion, marking a key milestone for the 36-storey Grade-A office tower in Bandar Cassia, and reinforcing Batu Kawan’s emergence as Penang mainland’s business hub.

PETALING JAYA (April 10): Nestcon Bhd is venturing into property development for the first time, proposing to acquire three parcels of freehold commercial land in Iskandar Puteri, Johor Bahru for a total of RM95 million through its indirect 70%-owned subsidiary, Nestcon Iskandar Puteri Sdn Bhd.

PETALING JAYA (April 10): Sunsuria Bhd has completed its acquisition of an additional 41% equity interest in KL City Gateway Sdn Bhd (KLCG), raising its total shareholding from 20% to 61%, and consolidating KLCG as a subsidiary of the group.