News by Adam Aziz

It is buying Pavilion Elite Mall from Urusharta (KL) Sdn Bhd, whose ultimate shareholders are Tan Sri Lim Siew Choon and Qatar Holdings LLC — both major stakeholders in PavREIT.

Looking ahead, Gadang said its construction division has an order book of RM1.5 billion, with RM136.2 million in unbilled sales for its property division.

PRG can focus its financial resources on the RM5 billion gross development value affordable housing projects it plans to undertake with Syarikat Perumahan Negara Bhd.

Amcorp Properties Bhd (AmProp) announced today that it has mutually extended validity of its 50:50 0real estate joint venture (JV) in Spain with Grosvenor Group Ltd to nine years, from five previously.

Tiger Synergy said the proposed JV allows it to expand the operation of its property segment and to complement the company’s existing business activities.

Kumpulan Jetson Bhd, whose share price hit its two-year high of 48.5 sen yesterday, pared off gains in the morning session today.

The group has in hand, eight property projects split between Melaka, Pahang, Selangor, Kuala Lumpur and Negeri Sembilan.

PR1MA is planning to raise RM5 billion to support 89 of its executed projects nationwide, comprising 89,449 units of homes.

Fajarbaru Builder Group Bhd has won a RM12.8 million contract from Petronas Dagangan Bhd (PetDag) to build an underground pipeline foundation at klia2.

PRG Holdings Bhd, whose share price hit an all-time high of RM1.07 on June 7, is exploring joint venture (JV) opportunities with Syarikat Perumahan Negara Bhd (SPNB) on affordable housing projects nationwide with combined gross development value (GDV) of RM5 billion.