KUALA LUMPUR (Oct 22): Integrated industrial space solutions provider AME Elite Consortium Bhd’s wholly-owned subsidiary AME Construction Sdn Bhd has been awarded a RM359 million contract to build a new integrated production facility, logistics warehouse, and office buildings for Ye Chiu Non-Ferrous Metal (M) Sdn Bhd.
For many years, office landlords have charged rents for the provision of standard office space on fixed terms.
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PETALING JAYA (Nov 13): The Nanyang Siang Pau office building site in Petaling Jaya, Selangor has been put up for rent at an asking monthly rental of RM2.
PETALING JAYA (June 29): The occupancy rate for purpose-built office buildings in the country dipped slightly in the first quarter of 2018 (1Q2018) to 77.
KUALA LUMPUR (March 12): Banks may face risks on their commercial property loans, as a looming oversupply of office buildings and shopping malls may lead to a correction in valuations, said a Reuters story citing a report by Moody’s dated March 9.
SINGAPORE (May 2): The trustee manager of CapitaLand Commercial Trust (CCT) has entered into an agreement to divest One George Street into a concurrently-formed limited liability partnership – One George Street LLP (OGS LLP), which CCT has established with joint venture partner OGS (II), a special purpose vehicle owned by insurer FWD Group.
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