News by M

It is proposing to buy assets in Malaysia and Australia, pay special dividend.

1MDB's chairman said the Bandar Malaysia project will go ahead.

ARA Asset Management, the Singapore manager of REITs, is said to be eyeing the purchase of 320 Pitt Street, a major tower located in Sydney’s central business district which is being sold by a fund managed by Propertylink Group.

Ekovest Bhd, which saw its share price plunge as much as 29.4% today, said it views the sell-down as a "temporary phenomenon".

The Bank of Maldives has put Mahadhdhoo Island in Gaafu Alifu Atoll, Maldives up for sale.

Incorporated in 2013, EWI currently has three ongoing development projects in London, one in Sydney and a site in Melbourne that is being acquired. EWI’s three development projects in London are held through a 75%-owned joint venture (JV).

Ikhmas Jaya Group Bhd has announced that it on Tuesday agreed and accepted the terms and conditions of a letter of award from Pelaburan Hartanah Bhd to carry out site clearance, earthworks, piling (bore) and pile cap works for a shopping complex in Terengganu worth RM62.4 million.

The REIT declared 2.37 sen of distribution per unit (DPU) for the quarter ended March 31, 2017 (3QFY17), comparable with the same period a year ago, payable on June 6. This brings its DPU for the first three quarters of FY17 (9MFY17) to 6.92 sen per unit, from 7.06 in 9MFY16.

IWH CREC has disputed claims by TRX City over the sale of a 60% equity interest in Bandar Malaysia.

1Q17 real estate transaction volumes in the UK have hit their highest level since 2015, driven by Asian investors whose confidence remains undeterred even in the face of uncertainties regarding Brexit.