KUALA LUMPUR (Dec 6): Analysts have raised the earnings forecast for Pavilion Real Estate Investment Trust (KL:PAVREIT) after acquiring two premier hotels namely Banyan Tree Hotel and Pavilion Hotel in Kuala Lumpur for a sum of RM480 million. “The group plans to fund the acquisition through the issuance of new shares. “While the assets are…
Read MoreKUALA 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 MoreCypark, Terengganu Inc to develop hybrid hydro floating solar plant at Tasik Kenyir Cypark executive chair Datuk Hamidah Moris said the project reflects its ambition to make an impact by helping to advance a circular economy that aligns with the United Nations’ (UN) Sustainable Development Goals (SDGs), specifically SDG7 for affordable and clean energy and…
Read MoreThe luxury residences, a joint venture between Eastern & Oriental Bhd and Japanese property developer Mitsui Fudosan, will see the launch of 297 residential units first. KUALA LUMPUR (Dec 6): Eastern & Oriental Bhd (E&O) and Mitsui Fudosan (Asia) Malaysia today celebrated the topping out of The Conlay, a luxury high-rise residence with an estimated…
Read MoreKUALA LUMPUR (Dec 6): JAKS Resources Bhd (KL:JAKS) said its indirect subsidiary MNH Global Assets Management Sdn Bhd has filed for the establishment of a medium-term note (MTN) programme of up to RM250 million with the Securities Commission Malaysia. MNH Global is involved in the investment holding and management of malls, JAKS’ latest annual report…
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 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 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…
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