Market News
02 Jul
2012
CIMB-TCA makes fourth Aussie property purchase
KUALA LUMPUR: CIMB TrustCapital Advisors (CIMB-TCA), as manager of the CIMB TrustCapital Australian Office Fund No. 1 (CIMB-TCA AOF1), yesterday announced the acquisition of 150 Charlotte Street, Brisbane, from the Stockland Trust for A$56 million (RM180 million).
01 Jul
2012
Tradewinds Kicks off RM6b Project, Upgrades More Assets
Tradewinds Corp Bhd (TCB) will demolish the Crowne Plaza Mutiara Kuala Lumpur and Kompleks Antarabangsa as early as the first quarter of 2013 to build a RM6 billion Tradewinds Centre.
27 Jun
2012
IGB Eyes Hospitality & Office REITs
IGB Corp Bhd (IGB), which will have RM800 million cash following the listing of IGB Real Estate Investment Trust (REIT), is looking at spinning off two more REITs in the next five years.
23 Jun
2012
MRCB to develop prime Bangsar land?
Malaysian Resources Corp Bhd has emerged as the frontrunner to develop a prime 8.09-ha site on Jalan Bangsar in Kuala Lumpur where the Unilever headquarters and factory once sat.
05 Jun
2012
Pantai Plaza Rebranded as Bangsar Trade Centre to House Wholesale Mall
PLANS to revive the mostly vacant Pantai Plaza are expected to commence in August and to be completed in stages.
01 Jun
2012
Tycoon plans 111-storey tower in Jakarta
Tomy Winata, boss of the Artha Graha group in Indonesia, plans to build the world’s fifth tallest tower right in central Jakarta, according to news reports.
29 May
2012
Jaya33 Cybercentre Towers Ready Soon
The developer of Jaya 33 will be offering for lease two new office towers at a cost of about RM200mil in a couple of months.
19 May
2012
RM1,000 psf could soon be the new benchmark for residential property developments in PJ
IT IS not a question of whether the value of residential property in Petaling Jaya will hit RM1,000 per square foot, but more a question of when.
18 May
2012
Jaya33 Open to Asset Sales
JAYA33 Sdn Bhd, a niche developer, will consider disposing of some of its office towers at Jaya33 Cybercentre in Petaling Jaya, Selangor, if there are good offers, its chief said.
18 May
2012
Wisma Mustapha Kamal expected to draw MNCs
THE Emkay Group's latest Grade A office building, Wisma Mustapha Kamal, with a a gross development value (GDV) of RM150 million, is expected to attract multinational corporations (MNCs) and local companies as tenants.