Mӧvenpick Hotels and Resorts to manage RM350 million five-star hotel in Kelantan
KUALA LUMPUR (Dec 10): The east coast Malaysian state of Kelantan will soon have another five-star hotel.
No one’s watching, George Town heritage building owners do as they please
GEORGE TOWN (Dec 10): Lack of enforcement in Unesco World Heritage Site, George Town is emboldening heritage building owners to build and renovate their properties without regard for guidelines and the authorities' approval, claims non-governmental organisation George Town Heritage Action (GTHA).
Country Heights to revamp Palace of Golden Horses
KUALA LUMPUR (Dec 9): Country Heights Holdings Bhd (CHHB) has inked a joint venture agreement with Galaxus Corp Sdn Bhd (Galaxus) and Tan Sri Lee Kim Tiong @ Lee Kim Yew to revamp the management and business of the Palace of the Golden Horses (pictured) in Seri Kembangan, Selangor.
S P Setia inks RM1.07b syndicated financing facilities agreement for Setia Federal Hill
PETALING JAYA (Dec 9): S P Setia Bhd, through its associate company, Setia Federal Hill Sdn Bhd, has just inked a RM1.
A-REIT to acquire One@Changi City for S$420 mil
SINGAPORE (Dec 9): Ascendas Real Estate Investment Trust (A-REIT) is acquiring One@Changi City for S$420 million (RM1.
‘GIC, Jardine Group keen on MRCB’
KUALA LUMPUR (Dec 8): GIC Pvt Ltd and the Jardine Matheson Group are both said to be showing keen interest in Malaysian Resources Corp Bhd (MRCB), and could each be taking up a stake in the company via its recent proposed private placement exercise, according to a source close to the matter.
18 Penang buildings waiting to be gazetted as national heritage
PENANG (Dec 8): The National Heritage Department has been waiting for years for the Penang government to give its consent to gazette 18 buildings in the state as "national heritage".
1MDB will consider late bid by Desmond Lim
1 Malaysia Development Bhd (1MDB) is understood to be considering a late bid by businessman Tan Sri Desmond Lim, partnering a Qatari state-owned firm, even though it was made after the tender closed.
1MDB close to finalising sale of Bandar Malaysia, says report
KUALA LUMPUR (Dec 7): Debt laden 1Malaysia Development Bhd (1MDB) may soon be closing its final deal on the 60% stake of Bandar Malaysia’s project to remove its debt burden, according to a news report.
MQREIT’s proposed deal to be funded via equity and debt
MRCB-Quill Real Estate Investment Trust (Dec 4, RM1.
