News by theedgemarkets.com

If approved, the arena, which will be opening its doors to the public in early 2023, will be the third largest in the UK, after Manchester and the O2 in London.

"We will continue to focus on cost management, tenant retention and optimisation of rental contribution."

The new amenities include a 5,000-capacity state-of-the-art theatre, scalable to host A-list residencies and corporate events; a dynamic 75,000 square foot (sq ft) nightlife and day-life concept; a 50-foot diameter video globe, which will display over 6,000 sq ft of captivating LED content; and additional luxury suites, villas and penthouses with individual lobby experiences, open balconies and a sky casino, the news portal reported.

“As a result of the breach of DA, the plaintiff had suffered severe loss and general damages,” KPS Consortium said.

Liu, 57, from China, currently holds an independent and non-executive directorship at NWP Holdings Bhd.

Meanwhile, YNH Property has also entered into a series of joint venture agreements for the development of a few pieces of land strategically located near Mont Kiara, Sri Hartamas, Kuala Lumpur city centre, Ipoh city and Seri Manjung town.

The furniture manufacturer said the location of the land is strategic as it is near its existing factories and head office.

The serviced apartment includes 147 studio apartments sized between a range of 34 sq m to 37 sq m, and 105 one-bedroom apartments sized from 36 sq m to 43 sq m.  

IWH-CREC is Bandar Malaysia's master developer, and owns 60% of the project, with the remaining stake held by the Ministry of Finance.

"It said the land comprises individual parcels of vacant agriculture land adjacent or adjoining each other, adding that the current market value of the land is about RM10 per sq ft."