News by theedgemarkets.com

Comprising 106 floors, The Exchange 106 is one of the tallest buildings in Asia, of which 90% is office space. In operation since December 2019, The Exchange 106 is the corporate address to almost 20 multinational corporations occupying in excess of 700,000 sq ft of office space. This equates to a workforce of more than 6,000 people.

However, the research house encourages investors to pick those with quality assets as it remains a tenant’s market.

“Kuala Lumpur is set to embark on an important planning policy direction through its new "Kuala Lumpur City Plan 2040". Moving forward, Kuala Lumpur and other major cities will need to plan and prepare a comprehensive blueprint to face challenges resulting from the new normal in terms of climate change, technology disruptions and demographic changes, to name a few, in order to continue building a resilient urban future with a good quality of life for its people,” said WCSC 2022 organising chairman Chan Jin-Wy in a press statement dated June 24.

Lagenda has worked together with the local community and planted 1,000 mangrove trees to date to counter the damage caused by aquaculture fishing and deforestation over the years. Mangrove forests are one of the most productive and biodiverse wetland environments on earth producing 10 times the oxygen compared with tropical forests.

In a bourse filing, the group said the plots — measuring 10.86 ha — are being bought by its wholly-owned Paragon Platinum Sdn Bhd, which has inked the respective sale and purchase agreements with the vendors — Singaporeans Lim Thiam Seng and Lim Yok Sing and two companies linked to them, Eng Foo (Lim) Enterprise Sdn Bhd and Heng Foo Lim Enterprise Sdn Bhd — for the proposed acquisition.

The single tower 53-storey mixed-use development project has a total gross floor area of 3,700 sq m (about 40,000 sq ft), with a height of 231 meters (about 2,500 sq ft). Imperial Lexis Kuala Lumpur features a private pool in each of its 275 suites, and is from Levels 13 and above, while Grandview Residence has 164-unit luxury residences from Levels 36 to 49. Both Imperial Lexis KL and Grandview Residence will be managed by Lexis Hotel Group.

The joint venture (JV) of Sime Darby Property Bhd and LOGOS SE Asia Pte Ltd (LOGOS Property), SDPLOG, on Friday announced the first close of its first US$250 million industrial development fund, which will go towards the development of sustainable and integrated modern logistics facilities with green building certification at its E-Metro Logistics Park in Bandar Bukit Raja, Klang.

Sunway Real Estate Investment Trust (Sunway REIT) has acquired a 3.63-acre freehold industrial land in Sungei Way, Petaling Jaya for RM60.05 million.

IJM Corp Bhd announced on Thursday the appointments of Datuk Wong Tuck Wai as chief executive officer (CEO) of IJM Land Bhd, effective July 1, 2022, and Vino Kumar Selvabalakrishnan as CEO of Kuantan Port Consortium Sdn Bhd, effective June 27, 2022.

The proposed by-pass Perak alternative expressway from Gopeng to Kuala Kangsar has been approved in principle by the Cabinet, according to a news report.