MRCB gets RM7.5b management contract for Kwasa Damansara job

KUALA LUMPUR (March 23): The joint-venture (JV) company between Malaysian Resources Corp Bhd (MRCB) and the Employees Provident Fund (EPF), which is undertaking the town centre development of the massive Kwasa Damansara township in Sungai Buloh, has appointed MRCB’s wholly-owned MRCB Land Sdn Bhd as the project’s management contractor for a provisional sum of RM7.

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Construction sector to be rerated on HSR

Construction sector Maintain overweight: The tender for the project delivery partner (PDP) to undertake the Malaysian portion of the Kuala Lumpur-Singapore High-Speed Rail (HSR) infrastructure construction works was called on Nov 22, 2017, and will close on Jan 30, 2018.

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MQREIT to dispose of property for RM28 million

KUALA LUMPUR (Jan 8): MRCB-Quill REIT (MQREIT) has announced that Maybank Trustees Bhd — as a trustee for and on behalf of MQREIT — has signed a sale and purchase agreement with Transmark Corporation Sdn Bhd for the disposal of a warehouse-cum-office building for RM28 million cash.

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