News about ev

Located on a 15-acre site, Ativo Annexe will comprise Amaya Residences (high-rise residences), The Arden (office suites) and DA Central Mall.

The new entrance provides quicker and more direct access to the station for those travelling to and from the riverside neighbourhood’s new pedestrianised high street, Electric Boulevard, as well as improving links for residents in the wider Battersea area.

The facility is to partially finance costs and expenses incurred related to the capital expenditure works of its wholly owned subsidiary, Plaza on Hyde Park Ltd, to meet general corporate working capital requirements and to refinance certain existing Malaysian banking facilities.

The Ayu Residences comprises 11-storey low-rise blocks, beginning with Block 1, which is now available.

Ivory Properties will continue to operate as an unlisted entity following its delisting.

As a result, the project went ahead under the Land Acquisition Act 1970, with 67% of landowners agreeing and the remaining 33% facing compulsory acquisition.

The joint venture will allow S P Setia to reduce its capital outlay for the project and comes at a time when the company is targeting to lower its financial leverage, according to MIDF Amanah Investment Bank and Kenanga Investment Bank.

The freehold project is located about 3km from the upcoming Johor Bahru–Singapore Rapid Transit System (RTS) Link and next to Sunway Commercial Square.

“With Sunway Cochrane, we are setting a new benchmark for transit-oriented developments (TODs) in Kuala Lumpur by placing direct MRT access, GreenRE compliance, and future-ready features such as electric vehicle (EV) charging at the heart of the design.

In a statement, Tropicana said redemption under the sukuk programme, launched in 2020 to fund development plans, reflects efforts to manage its debt.