KUALA LUMPUR (Dec 5): Pavilion Real Estate Investment Trust (KL:PAVREIT) has proposed to buy two hotels in Kuala Lumpur for an aggregate RM480 million, and undertake a private placement to raise up to RM552 million to fund the acquisitions. It said its trustee, MTrustee Bhd, has entered into agreements to acquire Banyan Tree KL for…
Read MoreThe schools will be developed in two phases and cater to 2,400 students across 48 classrooms once completed. The first phase of both schools is targeted to be completed by 2026. KUALA LUMPUR (Dec 5): Gamuda Land, the property arm of Gamuda Bhd (KL:GAMUDA), commenced the construction of two public primary schools in its 1,530-acre…
Read MoreIndustry experts from a variety of disciplines will open your eyes to building a healthy home. KUALA LUMPUR (Dec 5): Our health is so very dependent on the environment we exist in and one of those environments we spend the bulk of the time in is our abode. Just get an air filter lah or…
Read MoreKUALA LUMPUR (Dec 4): Sentoria Group Bhd (KL:SNTORIA) said it has triggered Bursa Malaysia’s Practice Note 17 (PN17) criteria after its shareholders’ equity fell to 33% of its issued and paid-up capital, based on its just released financial statement for the year ended Sept 30, 2024 (FY2024). The company noted that its auditors had previously…
Read MoreKUALA LUMPUR (Dec 5): SAMA Square in Setapak has fully opened on Nov 30. The 24-hour lifestyle hub developed by SkyWorld Development Bhd spans 4.15 acres, while offering 58,000 sq ft of retail space across 31 fully occupied lots and provides 449 parking bays for visitors. Food and beverage brands that are now opened include…
Read MoreRadium Development acquires a 2.56-acre parcel for RM45m in Bandar Ampang, Selangor The newly acquired site, located near Kuala Lumpur City Centre and directly accessible by major highways and the Cempaka LRT Station, represents a promising transit-oriented development opportunity for Radium “with direct appeal to urban residents and businesses seeking accessibility”, stated the company. KUALA…
Read MoreMalton seeks to raise up to RM19.5m via private placement to fund ongoing property projects Of the proceeds, RM12 million will be allocated to support the group’s ongoing property development projects, including River Park (prime serviced apartments in Bangsar South with an estimated gross development value (GDV) of RM1 billion) and Park Green (low-density freehold…
Read MoreKUALA LUMPUR (Dec 4): The government has cancelled five of 12 outstanding ‘River of Life’ projects following a review, as they are deemed “less significant” towards achieving the programme’s objectives, said Minister at the Prime Minister’s Department (Federal Territories) Zaliha Mustafa. The River of Life programme, which aims to rehabilitate and beautify the Klang and…
Read MoreKUALA LUMPUR (Dec 3): Construction outfit Binastra Corp Bhd (KL:BNASTRA) on Tuesday said it had bagged a building contract worth RM327.74 million to build two blocks of a 58-storey serviced apartment for The Vividz @ Bukit Jalil project. According to a bourse filing, the contract was awarded by Exsim Bukit Jalil City Sdn Bhd to…
Read MoreKUALA LUMPUR (Dec 2): CapitaLand Malaysia Trust (KL:CLMT) on Monday entered in an agreement to acquire its first automated logistics property, Elmina Logistics Hub, for RM180 million. CLMT’s manager, CapitaLand Malaysia REIT Management Sdn Bhd (CMRM), said the property, located within the Elmina Business Park in Selangor, features a state-of-the-art automated storage and retrieval system,…
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