News about trial

“We have been actively managing our balance sheet to create room for acquisitions and if we have a choice, we would be keen to deploy some of our capital again in the industrial and logistics area,” said Tan Choon Siang, the chief executive officer of the trust's manager, CapitaLand Malaysia REIT Management Sdn Bhd.

Under the MOU, NCT Group and the MEIA will focus on connecting the NSIP with stakeholders from the Guangdong province through investor relations programmes.

The industrial park is estimated to have a gross development value (GDV) of between RM321 million and RM397 million, according to Citaglobal.

“It was also RM179 million higher than a previously cancelled direct deal.

SD Guthrie said the park will be developed on 641 acres of land in its estate in Kulai as a hub for high-value industries such as logistics, advanced manufacturing and clean technologies.

The company said it is buying the property, which includes a semi-detached factory and a three-storey office building, from a scrap metal trading firm, Sri Pushpam Recycling Sdn Bhd, for RM11 million.

It added that the industrial park would complement its proposed development of the smart AI container port project in Negeri Sembilan.

DONE DEAL: Bungalow, Taman Duta, Kuala Lumpur DONE DEAL: Condo unit, Menara Bukit Ceylon, Bukit Ceylon, Kuala Lumpur Jenjarom is expected to grow as a town, with new industrial projects and mixed developments under construction or being proposed.

IOI Properties group chief operating officer Teh Chin Guan: "With three industrial parks, including one under planning, in industrial growth areas such as Johor, Selangor and Melaka, I am confident that the launch of the IOI Industrial Park series readily positions the group as one of the premiere industrial developers in the country.

"Earnings for retail REIT will continue to be supported by positive rental reversion as the retail industry remains buoyant with strong shopper footfalls at malls," said MIDF, which has six REITs under its coverage.