Tower REIT’s 2Q net income falls 6.36% on lower occupancy rate
KUALA LUMPUR (Aug 16): Tower Real Estate Investment Trust’s (REIT) second quarter net income fell 6.
AQRS to get RM500 mil SUKE subcontract
Gabungan AQRS Bhd, a mid-size construction and property development company, is getting a RM500 million subcontract for the CA3 portion of the Sungai Besi-Ulu Kelang Expressway (SUKE).
UMLand’s corporate exercise to be completed by year end
UNITED Malayan Land Bhd (UMLand) is undergoing a corporate exercise to streamline its activities to ensure greater growth.
PR1MA, Zecon plan Sarawak JV
KUALA LUMPUR (Aug 15): Zecon Bhd signed a heads of agreement (HoA) with PR1MA Corp Malaysia for a proposed residential property development within an estimated 22ha (54.
IGB to sell Renaissance KL for RM765 mil
KUALA LUMPUR (Aug 15): IGB Corp Bhd announced a proposed disposal of Renaissance Kuala Lumpur Hotel (Renaissance KL) (pictured) by Great Union Properties Sdn Bhd, a wholly-owned subsidiary of IGB to Ventura International Sdn Bhd for RM765 million.
Trading in IGB Corp shares suspended pending material announcement
KUALA LUMPUR (Aug 15): Bursa Malaysia has approved IGB Corp Bhd’s request for a suspension in the trading of its shares today, pending a material announcement.
A softer performance seen for Sunway REIT’s hotel segment in FY17
Sunway Real Estate Investment Trust Maintain buy with a higher target price of RM1.
Tambun Indah Land’s first-half earnings within expectations
Tambun Indah Land Bhd (Aug 12, RM1.
‘Renaissance KL deal likely to be sealed this week’
KUALA LUMPUR (Aug 15): After more than a decade of seeking, property developer cum hotel owner and operator, IGB Corp Bhd, has finally found a buyer for its 910-room Renaissance Kuala Lumpur (pictured), and a sale and purchase agreement for the biggest ever hotel deal is expected to be inked as early as today, sources say.
