Zecon invites Unimas to acquire 20% stake in SPV

KUALA LUMPUR (Nov 12): Zecon Bhd has invited Universiti Malaysia Sarawak (Unimas) to take up a 20% stake in a special purpose vehicle (SPV) which will undertake the development of a commercial block of the Unimas health metropolis project in Sarawak.

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KLCCP Stapled 3Q’s distributable income slips 2.3%

KUALA LUMPUR (Nov 12): The KLCCP Stapled Group, which comprises KLCC Property Holdings Bhd (KLCCP) and KLCC Real Estate Investment Trust (KLCC REIT), saw its total distributable income for the third quarter ended Sept 30, 2015 (3QFY15) fall 2.

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Axis-REIT to buy four plots of land for RM61 mil

KUALA LUMPUR (Nov 11): The trustee of Axis Real Estate Investment Trust (Axis-REIT), RHB Trustees Bhd, has signed a sale and purchase agreement with Axis AME IP Sdn Bhd to acquire four plots of freehold land in Johor for RM61 million.

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Titijaya-Amona JV eyes Imbi parcel in Kuala Lumpur

THE prime tract that Titijaya Land Bhd and its joint-venture partner Amona Development Sdn Bhd are eyeing is located near Berjaya Times Square in Imbi — within a 2km radius of the upcoming Tun Razak Exchange (TRX) — sources say.

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