Tower REIT’s 2Q net income falls 6.36% on lower occupancy rate
KUALA LUMPUR (Aug 16): Tower Real Estate Investment Trust’s (REIT) second quarter net income fell 6.
Sime Darby launches RTO of Japanese REIT, Saizen
KUALA LUMPUR (Aug 15): Sime Darby Bhd has initiated a reverse takeover (RTO) of Japan’s Saizen Real Estate Investment Trust (REIT) under which it will be injecting several of its industrial properties in Australia into the REIT, in exchange for a a certain amount of units in the REIT and cash.
IGB to sell Renaissance KL for RM765 mil
KUALA LUMPUR (Aug 15): IGB Corp Bhd announced a proposed disposal of Renaissance Kuala Lumpur Hotel (Renaissance KL) (pictured) by Great Union Properties Sdn Bhd, a wholly-owned subsidiary of IGB to Ventura International Sdn Bhd for RM765 million.
Trading in IGB Corp shares suspended pending material announcement
KUALA LUMPUR (Aug 15): Bursa Malaysia has approved IGB Corp Bhd’s request for a suspension in the trading of its shares today, pending a material announcement.
Tambun Indah Land’s first-half earnings within expectations
Tambun Indah Land Bhd (Aug 12, RM1.
‘Renaissance KL deal likely to be sealed this week’
KUALA LUMPUR (Aug 15): After more than a decade of seeking, property developer cum hotel owner and operator, IGB Corp Bhd, has finally found a buyer for its 910-room Renaissance Kuala Lumpur (pictured), and a sale and purchase agreement for the biggest ever hotel deal is expected to be inked as early as today, sources say.
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Proposed office development on Desa Sri Hartamas open car park
PETALING JAYA (Aug 12): A 33-storey office block has been proposed for the open car park site in Desa Sri Hartamas (pictured) located at Jalan 19/70A.
Car park charges at new LRT stations fixed at RM4 per entry from Monday
KUALA LUMPUR (Aug 12): Light rail transit (LRT) commuters will be required to pay RM4 per entry per day for parking at the new LRT stations come Monday.
Luring customers back to the real world with Pokémon Go
Retailers and consultants approached by TheEdgeProperty.
Kota Kinabalu residential sector sees gentle improvement this year on fewer new launches
PETALING JAYA (Aug 11): The residential property sector in Kota Kinabalu is witnessing a gentle improvement, underpinned by a lack of new launches in the market, said property consultancy firm Knight Frank Malaysia in its Real Estate Highlights report.
