Sime Darby Property’s City of Elmina to gain from better connectivity
Sime Darby Property Bhd (March 19, RM1.
YTL Power buys Dutch hotel for RM290m
KUALA LUMPUR (March 20): YTL Power International Bhd is acquiring Dutch company Bel Air Den Haag Beheer BV, which owns the 306-room Mariott The Hague, for €60.
Are REITs a good buy now?
KUALA LUMPUR (March 20): The average yield for Malaysian real estate investment trusts (REITs) is now at its highest since 2016, which may prompt investors to wonder if it’s a good time to place their money in REITs.
MRCB sells land to Socso for RM323m, to realise RM30m gain
KUALA LUMPUR (March 19): Malaysian Resources Corp Bhd (MRCB) is selling a 1.
Lafarge to supply RM270m worth of cement to ECRL project
KUALA LUMPUR (March 19): Lafarge Malaysia Bhd will be supplying RM270 million worth of cement for all eight packages of work for the East Coast Rail Link (ECRL) project.
CRO rebuts Malaysian Auctioneers Council claim over e-Lelong
PETALING JAYA (March 19): The Chief Registrar’s Office (CRO) of the Federal Court has repudiated claims by the Malaysian Auctioneers Council president Mustafa Osman that the e-Lelong (e-Auction) system implementation was done without properly consulting the relevant stakeholders, reported Bernama.
CO3 and MIM to develop 200,000 sq ft co-working place in Medini
PETALING JAYA (March 19): Co-working space operator CO3 Social Office Sdn Bhd (CO3) is collaborating with master planner and developer Medini Iskandar Malaysia Sdn Bhd (MIM) to build C03 Campus @ Medini 9, a 200,000 sq ft co-working space in Medini City that can accommodate up to 4,000 members.
Govt mulls Sumatra-Perak undersea tunnel, says DPM
PETALING JAYA (March 19): Malaysia may build an undersea tunnel that links Bagan Datuk in Perak to Sumatra island in Indonesia, said Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi.
Travelodge returns to Malaysia after 20 years with two new hotels in KL
PETALING JAYA (March 19): Two new Travelodge hotels will open in Kuala Lumpur in the third quarter of 2018 (3Q18), marking the brand’s return to Malaysia after a two-decade absence while enlarging its Asian portfolio to eight hotels.
EWI completes stage 1 of JV deal with Be Living, adding six UK sites with £1.1b GDV
PETALING JAYA (March 19): Eco World International Bhd (EWI) has completed Stage 1 Acquisitions of its joint venture with Be Living Holdings Ltd, which adds a further six sites to its pipeline and widens its depth and breadth in the UK market.
