News by M

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.

The state Magistrate's Court assistant registrar Mohd Anuar Ostadi issued the remand order against the two men, aged 61 and 46, after an application by the MACC.

The first tender for the KL-Singapore high-speed rail (HSR) project will be called for by an assets company (AssetsCo) in the final quarter of 2017, said Land Public Transport Commission (Spad) chairman Tan Sri Syed Hamid Albar.

Forest City boasts of being the largest mixed-use green development in Southeast Asia, but local property professionals are wondering whether a larger problem is brewing.

Anzo Holdings Bhd said its wholly-owned subsidiary Harvest Court Construction Sdn Bhd (HCCSB) has been appointed the main contractor for Phase 2 of the Porto De Melaka Hotel and Resort development in Melaka.

The manager of Manulife US REIT has announced a distribution per unit (DPU) of 1.65 US cents (2.3 Singapore cents) for the first quarter ended March 31, exceeding its projected DPU of 1.52 US cents by 8.6%.

The trustee manager of CapitaLand Commercial Trust (CCT) has entered into an agreement to divest One George Street into a concurrently-formed limited liability partnership – One George Street LLP (OGS LLP), which CCT has established with joint venture partner OGS (II), a special purpose vehicle owned by insurer FWD Group.

Pavilion Kuala Lumpur mall (PKL) recorded lower gross revenue (down 2% y-o-y) as the mall is still in the midst of tenant repositioning to improve tenancy mix and we gather this is likely to continue into the first half of 2017.