Atrium REIT acquires Shah Alam property for RM41 mil cash in related-party deal
The REIT said the purchase consideration represents a marginal discount of RM500,000 or 1.
The REIT said the purchase consideration represents a marginal discount of RM500,000 or 1.
Based on the theme “Madani Planning in SDG2030 acceleration”, the event will see speakers from various Commonwealth and ASEAN nations join in to share their insights on urban planning.
In a statement on Thursday, Stella said the acquisition — which comes with a profit guarantee of RM120 million for the financial year ending June 30, 2024 (FY2024), FY2025, and FY2026 on an aggregate basis — is especially noteworthy, due to PTM's RM1.
As of now, the Malaysian government has not initiated any discussions regarding the HSR with the Singapore government, even during the recent two-day Malaysia-Singapore Leaders' Retreat, according to Transport Minister Anthony Loke.
This is despite calls from some quarters for the central bank to raise the key interest rate to help stabilise the ringgit, which is near a 25-year low against the US dollar.
Transport Minister Anthony Loke stated that this includes the construction of five new stations, the acquisition of three sets of three-car trains to maintain service intervals, upgrading of the train depot, as well as other expenses involving independent checking engineers, project management and legal fees.
With a gross development value of RM40 million, the two-acre Candella 2 is scheduled for completion by end-2025.
HIL said it has been continuously looking out for opportunities to obtain more development land within the Klang Valley to ensure the continuous growth of its property business.
The scheme will be available until end-January next year, and will be open to all of IJM Land’s GreenRE-certified residential developments.
Some of the facilities of the co-living space are functional living areas, fully-equipped kitchens, high-speed WiFi, on-site laundry facilities, concierge customer care service and weekly cleaning service.