GuocoLand’s upmarket Damansara City Mall 50% taken up
Kuala Lumpur (Nov 26): GuocoLand Malaysia Bhd’s Damansara City Mall (DC Mall), part of the RM2.
Ikea set to open third and fourth stores in Johor and Penang in three years
KUALA LUMPUR (Nov 20): Swedish furniture provider Ikea plans to open two more stores in Malaysia in the next three years, said Ikea Malaysia, Singapore and Thailand retail director Mike King yesterday.
KLCCP Stapled 3Q’s distributable income slips 2.3%
KUALA LUMPUR (Nov 12): The KLCCP Stapled Group, which comprises KLCC Property Holdings Bhd (KLCCP) and KLCC Real Estate Investment Trust (KLCC REIT), saw its total distributable income for the third quarter ended Sept 30, 2015 (3QFY15) fall 2.
Hong Kong shop rents decline further
HONG KONG (Oct 30): Prime street shops rents are expected to drop further across all major retail districts in Hong Kong, including Hong Kong Central, Causeway Bay, Tsim Sha Tsui and Mong Kok,according to the latest Hong Kong Monthly Property Market report by Knight Frank.
Mall of Emirates developer gets a Green Star
Dubai (Oct 20): Majid Al Futtaim, the leading retailer in Middle East,has achieved the highest “Green Star” status for the second year in a row from the Global Real Estate Sustainability Benchmark (Gresb).
Penang’s first premium outlet mall to open ahead of schedule
GEORGETOWN (Oct 16): Penang’s first ‘premium outlet’ mall, Design Village Penang, in Batu Kawan, will open a month ahead of schedule in October 2016, according to Savills Malaysia managing director Allan Soo.
Negeri Sembilan mall, Seremban Prima, up for sale
PETALING JAYA (Sept 22): Seremban Prima (formerly Seremban Parade), a shopping centre on Jalan Dato Bandar Tunggal, Seremban, is up for sale.
Parkson Holdings’ proposed sale to Hong Kong-listed unit thwarted
KUALA LUMPUR (Oct 13): Parkson Holdings Bhd’s proposed internal reorganisation exercise, which would have seen some RM641.
As markets turn sour, are REITs the sweeter choice?
KUALA LUMPUR: The strong global and domestic headwinds that blasted the third quarter of the year and caused equity markets across the world to tumble have left investors jittery, with not much optimism left.
Croesus Retail Trust to acquire Japanese suburban retail mall for S$95.2 mil
SINGAPORE (Sept 29): Singapore’s Croesus Retail Trust is acquiring Torius Property, a retail property located in Fukuoka, Japan, for a purchase consideration of JPY8 billion (RM297 million), through debt and equity financing.
