ECM Libra identifies hotel ops as new core business
KUALA LUMPUR (May 5): ECM Libra Financial Group Bhd has identified hotel management and ownership as its new core business after disposing of its investment banking and securities business in 2012.
1MDB chairman: Bandar Malaysia project 'still on'
PETALING JAYA (May 4): 1MDB chairman Tan Sri Irwan Serigar Abdullah said the Bandar Malaysia project will go ahead, Malaysiakini reported last night.
Ascott acquires hotel on New York’s Fifth Avenue for S$68 mil
SINGAPORE (May 5): The Ascott Ltd, CapitaLand’s wholly-owned serviced residence business unit, has acquired a prime property on New York’s Fifth Avenue.
‘Financing in place for IWH CREC’s Bandar Malaysia buy’
KUALA LUMPUR (May 5): Financing was already in place for IWH CREC Sdn Bhd’s plan to acquire a 60% interest in the Bandar Malaysia project for RM7.
DONE DEAL: Shop at Publika, Solaris Dutamas, Kuala Lumpur
Rented for: RM6,000 a month (RM3.
ARA Asset Management said to mull purchase of Sydney CBD tower
SINGAPORE (May 4): ARA Asset Management, the Singapore manager of REITs, is said to be eyeing the purchase of 320 Pitt Street, a major tower located in Sydney’s central business district which is being sold by a fund managed by Propertylink Group.
Sime Darby Property, KWAP and Brunsfield Development sign MoU to kick-start Malaysia Vision Valley
PETALING JAYA (May 4): Sime Darby Property, Kumpulan Wang Persaraan (Diperbadankan) (KWAP) and Brunsfield Development Sdn Bhd have signed a Memorandum of Understanding (MoU) to lead the development of Malaysia Vision Valley (MVV).
ECRL expected to help create RM50 bil of GDP impact, says project owner
KUALA LUMPUR (May 4): The RM55 billion East Coast Rail Link (ECRL) is expected to help create RM50.
Lim's Ekovest shares tumbles after Bandar Malaysia deal aborted
KUALA LUMPUR (May 4): Ekovest Bhd, a construction firm which has a common major shareholder with Iskandar Waterfront Holdings Sdn Bhd (IWH), saw its share price opened 42 sen or 29.
