News about update

IOI Properties’ profit before tax jumped more than five times to RM753.

The acquisition was first announced in May, positioning Titijaya as the white knight for the long-stalled project involving Blocks B1 and B2 of Kolej Kediaman Pelajar UMS Numbak.

Units range from 570 to 1,161 sq ft, offering 1+1 to 3+1 bedrooms, and priced from RM630,000.

Company proposes first interim dividend for the financial year ending March 31, 2026.

According to its bourse filing, the units, located on North Gower Street in London, have a combined net lettable area of 6,248 sq ft and, based on existing tenancies, could generate annual rental income of £330,576 (RM1.

For total purchase consideration of RM44.

Net profit, excluding extraordinary items, has reached about 80% of the consensus full-year forecast with just one quarter left before the year ends, prompting revisions of estimates.

The job, awarded by ANS Development Sdn Bhd, commenced on Nov 10 and is scheduled for completion on Aug 21, 2028.

“We have room for expansion and at the right time when we need the money and the timing is right we will go and tap the sukuk market,” group managing director and chief executive officer Datuk Seri Azmir Merican said.

The 240,000 sq ft neighbourhood mall, which opened with a mix of lifestyle, wellness and F&B tenants, has reached about 90% occupancy and is drawing steady visitor traffic despite the usual teething issues associated with new retail centres.