Jaya Tiasa diversifies into property development with RM100m land purchase in Sarawak
The land, valued at RM113 million, is being bought below market price.
The land, valued at RM113 million, is being bought below market price.
The ad interim injunction was filed by Hydroshoppe Sdn Bhd and its subsidiary Menara Kuala Lumpur Sdn Bhd, but this was dismissed by the High Court on April 8.
Upon completion, the property will be leased back to the seller, Alpha Express, under a 10-year triple net lease at RM195,000 per month, subject to rent reversion for each renewal term.
The contract, which is the first win for the company in 2025, was awarded by Mercu Majuniaga Sdn Bhd.
Slated for listing on the Main Market on June 10, the IPO does not involve issuance of new units, meaning that the trust itself will not receive any proceeds.
Residensi 22, Mont’Kiara condo unit sold for RM2.
Kerjaya Prospek declared a first interim dividend of three sen per share, amounting to RM37.
The assets are currently fully tenanted with a mix of food and beverages (F&B), lifestyle, health and educational tenants, many of which are under a sales turnover rental model.
Radium Hospital @ Ayer Keroh is scheduled to be operational in the first quarter of 2028, and will be Phase 1 of Radium Centricity, a 7.
Damansara Kim is well-located within Petaling Jaya, for both commercial and residential properties.