News about office

PETALING JAYA (June 6): World-renowned Netherlands-based Office for Metropolitan Architecture (OMA) has been commissioned to design the MPavilion 2017 in Melbourne, Australia, according to the Naomi Milgrom Foundation.

  The current oversupply of office buildings especially in the Klang Valley has been plaguing the industry in recent years, but are we seeing any light at the end of the tunnel? How attractive are we as an office destination to global businesses? At TheEdgeProperty.

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.

PETALING JAYA (April 18): The average occupancy rate for offices in Kuala Lumpur declined to 77.

KUALA LUMPUR (April 18): AmanahRaya Real Estate Investment Trust (AmanahRaya REIT) aims to acquire “trophy assets” in the immediate term, despite the softening property market, said Amanah Raya Bhd’s (ARB) group managing director Adenan Md Yusof.

KUALA LUMPUR (April 11): Naza TTDI Sdn Bhd has forged a strategic partnership with Triterra Metropolis Sdn Bhd (Triterra) to kick-start an office development dubbed The MET Corporate Towers at the 75.

IN its latest Asia Pacific Prime Office Rental Index for 4Q2016, global property consultancy Knight Frank found that 12 cities out of 19 surveyed in the Asia-Pacific region have registered positive rental growth in 4Q2016, up from eight in the previous quarter.

DESPITE the current soft commercial office market, Khong & Jaafar Sdn Bhd managing director Elvin Fernandez believes that there are office units that still offer good rental yields.

SINGAPORE (March 8): DBS is maintaining its “buy” recommendation for CapitaLand Commercial Trust, thanks to the timely acquisition of the remaining 60% stake in CapitaGreen.

PETALING JAYA (March 3): Eco World Development Group Bhd (EcoWorld) has been handing over the shopoffices at Eco Boulevard, the business precinct of its Eco Botanic township in Johor, to owners since February.