Mapletree acquires Oakwood Worldwide, appoints new Oakwood CEO
SINGAPORE (Feb 17): Mapletree Investments has acquired Oakwood Worldwide, a US-based provider of housing and serviced apartment solutions, for an undisclosed sum.
British-Australian consortium is preferred bidder for KL-S’pore HSR
KUALA LUMPUR (Feb 17): A consortium of WSP Engineering Malaysia Sdn Bhd of Australia, UK-based Mott MacDonald Malaysia Sdn Bhd and Ernst & Young Advisory Services Sdn Bhd (EY) has been selected as the joint development partner (JDP) for the Kuala Lumpur-Singapore high-speed rail (HSR) project, which will cut travel time between Singapore and Kuala Lumpur to 90 minutes.
5.11% of LBS Bina shares traded off market for RM57.75 mil
KUALA LUMPUR (Feb 17): LBS Bina Group Bhd saw a total of 33 million shares, representing an equity stake of 5.
TCS Arcadia banking on its proximity to education institutions in Bandar Saujana Putra
SELANGOR (Feb 17): TCS Group Holdings Sdn Bhd is set to officially launch its serviced apartment development TCS Arcadia on Feb 18 at Bandar Saujana Putra, Kuala Langat, Selangor.
Amprop acquires maiden residential development site in Madrid, Spain
PETALING JAYA (Feb 16): Amcorp Properties Bhd (Amprop) has secured its maiden residential development site in Madrid, Spain with joint-venture (JV) partner Grosvenor Europe.
Yong Tai to partner Iconic Paragon in new Bukit Bintang project
KUALA LUMPUR (Feb 16): Yong Tai Bhd is taking up a 70% stake in land holding company Iconic Paragon Sdn Bhd for a proposed development on two leasehold plots with a cumulative size of 1.
AlloyMtd to launch One Crown Place, London next month
KUALA LUMPUR (Feb 16): AlloyMtd Group’s One Crown Place, a mixed development on the edge of London city, is set to be launched in Asia next month.
Malaysia, Singapore award high-speed rail joint development partner contract
KUALA LUMPUR (Feb 16): The Malaysian and Singapore governments have awarded the joint development partner (JDP) contract for the planned Kuala Lumpur-Singapore High Speed Rail (HSR) project to a consortium comprising WSP Engineering Malaysia Sdn Bhd, Mott MacDonald Malaysia Sdn Bhd, and Ernst & Young Advisory Services Sdn Bhd.
JLL: Asian investors of hotel properties continue shopping
PETALING JAYA (Feb 16): Asian investors of hotel properties will continue to feature in 2017, with groups from Singapore at the fore, according to global real estate firm JLL.
Wong Engineering to diversify into construction, property development
KUALA LUMPUR (Feb 16): Wong Engineering Corp Bhd, a manufacturer of high precision metal parts, plans to develop new sources of revenue by diversifying into the construction, property development and trading of construction materials.
