London Biscuits sells industrial land for RM70m to pay off creditors
KUALA LUMPUR (May 7): London Biscuits Bhd, which is currently under liquidation, is selling seven parcels of freehold industrial land in Johor Bahru for RM70 million.
Demand for warehouses up but industrial overhang continues to rise
PETALING JAYA (April 30): The expansion of e-commerce may have spurred demand for warehouses/logistics-related properties but the overhang of industrial property sub-segment has seen overhang units rising since 2015.
MIDF offers financial relief to clients amid COVID-19 outbreak
KUALA LUMPUR (March 3): Malaysian Industrial Development Finance Bhd (MIDF) is offering financial relief to assist clients in dealing with the expected economic growth slowdown due to the COVID-19 outbreak.
Thriving industrial towns
Vibrant industrial activities create jobs, and in turn, demand for accommodation near the workplace, which is why industrial activities can be a major catalyst for development and the growth of the local property market.
ATTA Global confirms police raid on its premises, says operations will be 'substantially affected'
KUALA LUMPUR (Jan 22): ATTA Global Group Bhd confirmed yesterday that the suspension of trading of its shares was due to a police raid at its premises in the Prai Industrial Estate in Penang on Jan 16.
Guocoland unit sells Melaka land for RM119.26m
KUALA LUMPUR (Jan 4): Guocoland (Malaysia) Bhd said its 68%-owned GLM Emerald Industrial Park (Jasin) Sdn Bhd (GLM EIPJ) is selling a parcel of land in Jasin, Melaka for RM119.
Hiap Huat buys land in Pulau Indah for new waste treatment plant
KUALA LUMPUR (Dec 31): Hiap Huat Holdings Bhd is buying 4.
Axis REIT to buy Bukit Raja property for RM37m
KUALA LUMPUR (Dec 25): Axis Real Estate Investment Trust (Axis REIT) is acquiring a piece of land siting two blocks of factory and a double-storey office building at the Bukit Raja Industrial Area, Selangor from Lion Steelworks Sdn Bhd for RM37 million – about 5% lower than its market value.
Development land and industrial properties – star performers in 2019
PETALING JAYA (Dec 23): Property consultancy Knight Frank Malaysia has listed development sites and industrial properties as the star performers in Malaysia's commercial property segment in 2019 based on their decent transaction value growth.
Sanichi says China's Second Construction Co keen on its Halal Gelatin Industrial Park
KUALA LUMPUR (Dec 9): The Second Construction Co Ltd of China Construction Third Engineering Bureau, a key enterprise of China State Construction Engineering Corp (CSCEC), is said to have shown interest in Malaysia and Asean's first Halal Gelatin Industrial Park to be developed by Sanichi Technology Bhd.
