Vestland bags RM70m office construction job in KL
The latest win marks Vestland's third contract year-to-date, with contract value totalling about RM544.
The latest win marks Vestland's third contract year-to-date, with contract value totalling about RM544.
In a filing with Bursa Malaysia on Thursday, Feytech revealed that it had submitted an expression of interest on the tender for the piece of land in the Klang Valley but was unsuccessful.
“The family office sector is projected to grow by 75% globally by 2030.
Quah said one of the most critical elements of building modernisation efforts includes using an advanced building management system (BMS).
The property, situated on freehold land measuring 23,479.
According to the JLL’s study, newly-completed ESG-compliant office buildings in Greater KL command higher occupancy rates at 80% to 90%, with average achievable rents exceeding non-green buildings.
Newly launched Grade A projects in Kuala Lumpur recorded significant take-up from major international tenants, as occupiers gravitated to high-quality spaces with green accreditation, the report said.
Vestland intends to fund the proposed office acquisition via internally generated funds, while the proposed warehouse acquisition will be funded through a mix of internally generated funds and bank borrowings.
Among Southeast Asian cities, Manila had the second highest average office fit out cost at S$129 psf, followed by Bangkok at S$144 psf.
In the KL fringe market, there was also slight improvement in vacancy rate, decreasing from 7.