India's financial capital Mumbai, will add between 12 million to 15 million sq ft of office space, an increase of about 16%, to its current Grade A office stock of 96 million sq ft in the next two years, according to JLL India research.
KUALA LUMPUR (June 22): Axis REIT Managers Bhd (ARMB), the manager of Axis Real Estate Investment Trust (Axis-REIT), is acquiring an industrial facility in Port Klang, Selangor from Haisan Resources Bhd for RM46 million cash on an acquisition and leaseback arrangement.
KUALA LUMPUR (June 10): GuocoLand (Malaysia) Bhd held a “topping out” ceremony for its RM2.
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PETALING JAYA (May 20): Capital values in Kuala Lumpur’s office market increased some 6% despite weaker rental rates that put yields under pressure, said analyst firm DTZ Research.
KUALA LUMPUR (April 27): Hong Leong Investment Bank Research has reported that occupancy rates for mall and office property (pictured) under the Pavilion Real Estate Investment Trust (REIT) are largely intact in the current quarter.
KUALA LUMPUR (April 17): Naim Indah Corporation Bhd is in talks to develop a 32-floor office tower with a gross development value of US$120 million in Yangon, Myanmar, via a joint venture.
KUALA LUMPUR (April 15): Pesona Metro Holdings Bhd has bagged a RM266.
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