The joint venture will allow S P Setia to reduce its capital outlay for the project and comes at a time when the company is targeting to lower its financial leverage, according to MIDF Amanah Investment Bank and Kenanga Investment Bank.
Both organisations aim to facilitate capacity-building and training programmes for developers in Sabah, support the certification of residential and commercial projects under the GreenRE framework, and enhance industry awareness of the economic and environmental advantages of sustainable development.
The freehold project is located about 3km from the upcoming Johor Bahru–Singapore Rapid Transit System (RTS) Link and next to Sunway Commercial Square.
“With Sunway Cochrane, we are setting a new benchmark for transit-oriented developments (TODs) in Kuala Lumpur by placing direct MRT access, GreenRE compliance, and future-ready features such as electric vehicle (EV) charging at the heart of the design.
While Pavilion REIT continues to benefit from a rebound in tourism with expected drive spending and traffic at key assets such as Pavilion Kuala Lumpur and Pavilion Elite, the research house said the recent share price rally had already priced in much of this optimism and “tilted its risk-reward to be less compelling”.
In a statement, Tropicana said redemption under the sukuk programme, launched in 2020 to fund development plans, reflects efforts to manage its debt.
Jaya Grocer will anchor the podium, joined by 7 Eleven, Food City, Hairmo Hairdressing, Health Lane Family Pharmacy, Hock Kee Kopitiam, Komune Care, Luckin Coffee, Nasi Lemak Shop, R Pharmacy, and ZUS Coffee.
The sale reduced EPF’s shareholding in the property developer to 4.
In its initial phase, the IEIP project covers 17 selected industrial parks across different business models, development stages and stakeholders.
In a filing with Bursa Malaysia on Wednesday, the auditors said the company was unable to provide fundamental accounting records and supporting documentation necessary for their audit procedures.
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