Both IGB REIT assets expected to continue to perform well
GB Real Estate Investment Trust (July 16, RM1.
Guan Eng: LRT3 is a mini 1MDB scandal
KUALA LUMPUR (July 17): The light rail transit Line 3 (LRT3) project is a mini 1Malaysia Development Bhd (1MDB) scandal due to the opaque nature of the transactions pertaining to the megaproject, said Finance Minister Lim Guan Eng.
Pasdec CEO steps down on contract expiry
KUALA LUMPUR (July 17): Pasdec Holdings Bhd chief executive officer (CEO) Datuk Zuber Shamsuri will step down from his post following the expiry of his contract today.
Datapulse mulling purchase of Geo Hotel Kuala Lumpur
SINGAPORE (July 17): Datapulse Technology yesterday said it has entered into a non-binding letter of intent with ICP Ltd to acquire MHI MY 1 Pte Ltd, a joint-venture company with an issued and paid-up share capital of S$1,500 (RM4,439.
EcoWorld London in talks with pension funds, insurance companies for build-to-rent projects
LONDON CITY ISLAND (July 17): Property developer EcoWorld London is in talks with private pension funds and insurance companies for the sale of projects in 6 of its 12 active project sites, said EcoWorld International Bhd (EWI) president and CEO Datuk Teow Leong Seng.
Ecoworld Ballymore completes first tower of London City Island phase two six months early
LONDON CITY ISLAND (July 17): Property developer Ecoworld-Ballymore Holding Co Ltd has completed and handed over the first tower of phase two of London City Island (LCI) development six months ahead of schedule yesterday.
Melaka Gateway remains on-track, says concessionaire
KUALA LUMPUR (July 16): The RM43 billion Melaka Gateway project is on-track, says its concessionaire, brushing aside concerns it is being reviewed by the new government and may be shelved.
Mohd Sidek steps down as KLCC Stapled Group chairman
KUALA LUMPUR (July 16): Former Petroliam Nasional Bhd (Petronas) chairman Tan Sri Mohd Sidek Hassan has tendered his resignation as chairman and director of KLCC Property Holdings Bhd (KLCCP) and KLCC Real Estate Investment Trust (REIT).
Johor aims for at least 2,000 affordable homes this year
PETALING JAYA (July 16): The state government down south plans to build between 2,000 and 3,000 units of Johor Affordable Homes (RMMJ) this year.