News about industrial

PETALING JAYA (June 30): CBRE Global Investors has completed the sale of Mitsubishi Fuso portfolio in Japan comprising 169 properties for JPY$140.

KUALA LUMPUR (May 15): MTD ACPI Engineering Bhd has bagged a RM184.

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.

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.

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.

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.

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.

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.

KUALA LUMPUR (Dec 31): Hiap Huat Holdings Bhd is buying 4.

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.